There are circumstances that may warrant a special situation where your business may need assurance procedures performed without the need for a full-blown audit or review of your financial statements. The parties involved typically include an audit firm, the company subject to the procedures and a third party that will receive the report. In these instances, all the parties will agree to the procedures being performed.
This group of services is known as agreed-upon procedures (“AUP”), and Hannis T. Bourgeois performs many AUP engagements every year. AUP are more limited in scope than an audit, making it possible to focus on the areas of greatest concern and providing a cost-effective alternative to an audit. Many of these engagements are unique for particular industries that we specialize in, such as construction or auto dealerships, while others are for any business.
If you want more information on our AUP services, please contact us. We’d be happy to tell you more about how we can serve you.