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ARTICLE · 16 JANUARY 2020

AICPA Expands Permitted Situations For Agreed-Upon Procedures Engagements

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In December 2019, the American Institute of Certified Public Accountants (AICPA) revised its attestation standards to eliminate certain requirements...

United StatesAccounting and Audit
Alexandra (Ali) Perry
Alexandra (Ali) Perry
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In December 2019, the American Institute of Certified Public Accountants (AICPA) revised its attestation standards to eliminate certain requirements for Agreed-Upon Procedures (AUP) engagements, thereby expanding the types of situations these engagements can be performed by independent accountants.

An AUP engagement is an attestation engagement in which a company engages an independent accountant to perform specific procedures on a subject matter and report its findings without providing an opinion or conclusion. The subject matter may be financial or nonfinancial information and the nature, timing, and extent of the procedures may vary based on the needs of the company requesting the AUP engagement. Examples of purposes for AUP engagements include helping customers, suppliers, regulators and other users assess a company's compliance with its own policies, generally accepted accounting principles in the United States (U.S. GAAP), contractual terms or

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