Agreed-Upon Procedures icon

Agreed-Upon Procedures

When a formal opinion that accompanies a full audit is not necessary, but you need specific aspects of your financial data or business operations examined by a CPA, you likely need an agreed-upon procedure (AUP) report.  Lumsden McCormick will issue an accountant’s report of findings based on specific agreed-upon procedures applied to subject matter for use by specific parties.

Ensuring the objectivity and integrity of your internal procedures.

Although the American Institute of Certified Public Accountants regulates both audits and AUP engagements, the nature of these services are different.   An AUP report is beneficial when you have a specific concern about the financial or operational aspects of your business.  Examples include:

  • Third party transactions,
  • Internal controls,
  • Regulatory compliance,
  • Accounts payable/receivable,
  • Sales, and
  • Purchases

Working collaboratively with you, we will determine in advance the scope of the engagement including specific tests and reporting methodology. Lumsden McCormick will provide valuable insight targeting high-risk areas and closely examine financial results to identify specific problems that require immediate attention and assist with getting your accounting records back on track.

For more information about how an agreed-upon procedure report can be beneficial, contact a Lumsden McCormick service leader or complete the form below.

Services Leaders

Thomas Burns

Thomas M. Burns, CPA, CMA

Principal
Sara Dayton

Sara M. Dayton, CPA

Partner
Michael Grimaldi

Michael J. Grimaldi, CPA

Partner
Jill Johnson

Jill M. Johnson, CPA, CFE, CITP, FHFMA

Partner
Elizabeth Krause

Elizabeth S. Krause, CPA

Manager
Christopher Lukowski

Christopher Lukowski, CPA, CFE

Principal
Jonathan Roller

Jonathan L. Roller, CPA

Principal

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AuditWatch University Level 3

AuditWatch University Level 3

May 23, 2020

AuditWatch University Level 3: Beginning In-Charge Training prepares auditors to take in-field responsibility for an audit engagement. It mixes discussion with case studies to provide an in-depth look at designing and completing the key steps in an audit.

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AuditWatch University Level 2

May 23, 2020

AuditWatch Level 2: Experience Staff Training introduces auditors to the complete audit process and plan. It focuses on ways for staff and senior accountants to significantly participate in the risk assessment procedures, including efforts surrounding internal controls.

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