An AUP or an Audit: Which Way Should You Go?

The public accounting profession offers a number of services, making it difficult for many to understand which direction is best for a particular need. Two services that are often confused are audits and agreed-upon procedures (AUPs). An AUP engagement offers the client greater flexibility than what a traditional audit can provide. It is likely to [...]

Why Cost-Plus Contracts Can Help Achieve Peak Construction Project Performance

Construction spending has climbed in the last several years since the mountainous declines of the Great Recession from 2008 to 2010. Construction managers and subcontractors, who survived those lean years, now find themselves in a market with abundant work and improving margins. Increasingly, construction projects are being contracted as cost-plus contracts, which include the design/build [...]

December 15th, 2016|AGREED UPON PROCEDURES|

Yes, An Agreed-Upon Procedure (AUP) Engagement Might Impact You

Cookie cutters produce perfectly uniform cookies for each batch. While this method is beneficial for baking, it is usually not the best way to address assurances related to specific financial reporting processes and controls. Agreed upon procedures (AUP) are unique services customized to each business’ needs. Once the scope of an AUP is [...]