Agreed-Upon Procedures Engagements
An agreed-upon procedures (AUP) engagement
is an attestation service in which a CPA is engaged by you
to perform specific procedures and report findings.
Sometimes Boards of Directors or association members require a deeper dive into records than an audit or review provides.
Typically, this takes the guise of an Agreed-Upon Procedures engagement.
An Agreed-Upon Procedures (AUP) engagement requires collaboration between client and CPA to determine the areas of concern to a Board or member. Is it related to the accounting records of a previous management company, is it accounting for certain areas such as income or reconciliation of special assessment fund expenses and a related commercial loan.
We work with the Board of Directors to determine the issues and to develop a set of procedures designed to research the issue, and to report our findings to the Board of Directors.