Sheng Qian CPA logoSHENG QIAN PROFESSIONAL CORPORATION (CPA)晟谦会计师事务所

Agreed-Upon Procedures (AUP)

Agreed-upon procedures engagements under CSRS 4400 — specific procedures and factual findings for grants, compliance and transactions.

In an agreed-upon procedures engagement, we perform specific procedures that you and the intended users have agreed upon, and report the factual findings. The engagement is performed under Canadian Standard on Related Services (CSRS) 4400. No opinion or assurance is expressed — the users draw their own conclusions from the findings.

Common uses

  • Government grants and funding programs that require verification of expenditures
  • Compliance with contracts, leases (e.g. percentage rent) and royalty agreements
  • Specific balances or transactions for a purchaser, investor or parent company
  • Selected procedures before an acquisition or as part of due diligence

How it works

  1. We agree the procedures, the subject matter and the intended users with you
  2. We perform the procedures and document the results
  3. We issue a report of factual findings, which can be restricted to the intended users

AUP engagements are flexible and focused, often at a lower cost than an audit or review of full financial statements. Contact us to scope an engagement.