Many clients have the need for a cost-effective alternative to an extensive financial statement audit. This is where an Agreed Upon Procedures (AUP) engagement is often appropriate. An AUP engagement is designed to meet specific needs for assurance of certain financial matters which are more limited in scope.
Dr. Folberg has experience working to serve the needs of his clients in this diverse area of accounting. Specific procedures are tailored to meet the needs of each individual client, both in timing and scope. Services are delivered in a cost-effective and deliberate manner. AUP engagements can range from fact finding to the providing of limited assurance on certain financial matters.
Examples include, but are not limited to:
Providing substantiation and documentation of self-employed individuals’ incomes in divorce proceedings
Satisfying grant agencies where accountability for use of funds is required
Investigation and uncovering of fraud in the ordinary course of business, in specific, limited instances
At the conclusion of the engagement, a report is issued detailing the specific procedures performed and the conclusions and findings.
Dr. Folberg is experienced in conducting AUP engagements and will deliver an affordable, risk-focused investigation or examination to meet your specific needs. Please contact our office for further information.