CPAs issue agreed upon procedure (AUP) reports as a service to their clients. AUPs are usually less expensive than audits and are more specific.
Audit opinions address the fairness of financial statements as a whole.
AUPs might address just receivables, for example.
As another example, if a bank desired an independent verification of inventory counts, an AUP service could be provided by a CPA.
Clients can ask for specific tests and the CPA performs those and provides a report stating whether exceptions were noted. AUPs are much more flexible than audits.
On December 19, 2019, the AICPA released SSAE 19, Agreed-Upon Procedures Engagements. AUPs provide you with the ability to…
SSAE 18 is effective on May 1, 2017, and changes the Attestation Standards. Do you issue any attestation reports…