GMS SURGENT
Home | Client Portal Login | Contact Us
Picture
  • Home
  • Who We Are
    • Partners >
      • John Surgent
      • Brian J Gallagher
      • Lauren Adamski
      • Richard Pritz
      • Brian Pugliese
      • Lori Toonder
    • Partner Emeritus >
      • William J Schalleur
      • Joseph Mcdevitt
    • Director & Managers >
      • Everett Minger
      • Terri Devine
      • Stephanie Sommers
    • Firm Culture
  • What We Do
    • Accounting and Assurance >
      • Agreed Upon Procedures
      • Green-E Energy
      • Employee Benefit Plans
    • Business Advisory Services >
      • Profitability Analysis
      • Business Valuation
      • Bankruptcy - Insolvency
      • Litigation Support
      • Strategic Planning
    • Individual Advisory Services
    • Tax Strategies and Compliance >
      • PA EITC Overview >
        • PA EITC Step by Step
      • Historic Tax Credits
    • Technology Solutions
  • Who We Serve
    • Real Estate
    • Construction
    • Emerging Technology
    • Life Sciences
    • MFG and Distribution
    • Preferred Individuals
    • Private Equity and VG
    • Professional Services Firm
    • Retail and Consumer Goods
    • Trusts and Estates
    • Non-Profit Organizations
  • Employment
    • Opportunities
    • You and GMS Surgent
  • Resources
    • Client Alerts
    • Firm Newsroom
    • Useful Links and Tools
  • PAY MY BILL

​Agreed Upon Procedures

An Agreed Upon Procedures (AUP) engagement can be a cost-effective alternative to an audit. In an AUP engagement, GMS Surgent works with management and specified outside parties to determine the procedures that all parties believe are appropriate to meet their needs. We work upfront to ensure that the procedures to be performed are clear and precise, and include the nature, timing, and extent of the procedures to be performed. Examples of specified parties are regulatory agencies, banks, lenders, prospective investors, and prospective purchasers.

AUP are more limited in scope than an audit, and provide the flexibility to focus on only the procedures and areas of greatest concern to the parties involved. The scope of procedures can vary widely based on your needs and what you believe is appropriate. In an AUP engagement, an audit or review is not performed and no opinion or assurance is given. A report is issued listing the procedures performed and the findings.
 
Examples of agreed upon procedures engagements include:
  • Acquisition due diligence
  • Compliance with royalty agreements
  • Compliance with regulations or reporting
  • Tests to assess collectability of accounts receivable
  • Tests related to inventory existence and valuation
  • Review of activities of a department for compliance
  • with company policies
  • Review of unapproved credit card charges to be
  • presented to a bonding or insurance company
GMS Surgent is experienced in conducting AUP engagements and can provide you with a cost-effective, risk-based focus for inquiry and testing.

For more information, please contact:
Picture
​Lauren Adamski, MT, CPA
Managing Member
P: 484.395.2205
F: 610.975.9132
LaurenA@gmssurgent.com
AGREED UPON PROCEDURES

GREEN-E ENERGY

EMPLOYEE BENEFIT PLANS

 

Contact GMS Surgent

DEVON OFFICE
237 W. Lancaster Avenue
Suite 1000
Devon, PA 19333

Picture Map Directions

P: 610.975.9122
F: 610.975.9132
E: info@gmssurgent.com

 
HOME | WHO WE ARE | WHAT WE DO | WHO WE SERVE | EMPLOYMENT | RESOURCES | CONTACT US  | CLIENT PORTAL LOGIN
237 W. Lancaster Avenue, Suite 1000   |   Devon, PA 19333   |   610.975.9122 
Picture
  • Home
  • Who We Are
    • Partners >
      • John Surgent
      • Brian J Gallagher
      • Lauren Adamski
      • Richard Pritz
      • Brian Pugliese
      • Lori Toonder
    • Partner Emeritus >
      • William J Schalleur
      • Joseph Mcdevitt
    • Director & Managers >
      • Everett Minger
      • Terri Devine
      • Stephanie Sommers
    • Firm Culture
  • What We Do
    • Accounting and Assurance >
      • Agreed Upon Procedures
      • Green-E Energy
      • Employee Benefit Plans
    • Business Advisory Services >
      • Profitability Analysis
      • Business Valuation
      • Bankruptcy - Insolvency
      • Litigation Support
      • Strategic Planning
    • Individual Advisory Services
    • Tax Strategies and Compliance >
      • PA EITC Overview >
        • PA EITC Step by Step
      • Historic Tax Credits
    • Technology Solutions
  • Who We Serve
    • Real Estate
    • Construction
    • Emerging Technology
    • Life Sciences
    • MFG and Distribution
    • Preferred Individuals
    • Private Equity and VG
    • Professional Services Firm
    • Retail and Consumer Goods
    • Trusts and Estates
    • Non-Profit Organizations
  • Employment
    • Opportunities
    • You and GMS Surgent
  • Resources
    • Client Alerts
    • Firm Newsroom
    • Useful Links and Tools
  • PAY MY BILL