Agreed Upon Procedures in UAE | ISRS 4400 Audit Specialists
Professional Agreed Upon Procedures (AUP) engagements conducted under ISRS 4400 (Revised). Independent verification of financial records, transaction testing, internal controls, and factual findings reports across the UAE.
📑 Factual Findings Reports
🔍 Target Balance & Transaction Testing
🏛️ Accepted by Lenders & Regulators
Consult an Agreed Upon Procedures (AUP) Specialist
Speak directly with our chartered audit specialists to design tailored verification procedures, test specific balances, and receive an independent factual findings report in UAE.
Professional Agreed Upon Procedures (AUP) Services in UAE
Not every question about your numbers calls for a full audit. Lenders, investors, owners, and other stakeholders frequently need confirmation of a particular balance, transaction, or process, and nothing more. Our Agreed Upon Procedures in UAE services target exactly those areas, using procedures that the intended users have approved in advance.
We carry out each engagement under ISRS 4400 (Revised) – Agreed-Upon Procedures Engagements. The procedures are built around your needs, we gather the evidence, and we issue a report setting out our factual findings. The scope is shaped by what you want to achieve, whether that means closing a transaction, meeting a compliance obligation, or answering a stakeholder request.
Important Assurance Distinction: An AUP engagement is not an audit. We do not express an opinion or an assurance conclusion. What you receive is a precise record of what was tested and what was found, so the users of the report can weigh the results and reach their own decisions.
ISRS 4400 Agreed Upon Procedures Scope
Each Agreed Upon Procedures in UAE engagement follows ISRS 4400 and can be designed to cover any combination of the areas below:
Financial Information Verification
- Checking chosen accounting records against source data
- Testing income and expenditure transactions
- Examining bank balances and reconciliations
- Confirming receivable and payable balances
- Testing manual and system journal entries
- Inspecting invoices, contracts, and other supporting documents
Transaction Testing and Due Diligence
- Confirming the details of specified business transactions
- Inspecting purchase agreements and related records
- Testing financial data linked to an acquisition
- Checking shareholder or investor records
- Evaluating whether transactions are recorded accurately and in full
Compliance Testing Procedures
- Checking adherence to contract terms
- Confirming regulatory filings and documents
- Testing whether internal policies are followed
- Examining selected compliance controls
- Matching records to supporting evidence
Internal Control Testing
Testing can be tailored to include:
- Walkthroughs of key business processes
- Tests of approval workflows
- Reviews of authorisation controls
- Checks on segregation of duties
- Tests of expense sign-offs
- Examination of reports generated by your systems
Customized Audit Testing Procedures
No two Agreed Upon Procedures in UAE engagements are alike. Each one is shaped by what management, investors, lenders, or other intended users need to know. Typical tailored testing includes:
Revenue Testing
Procedure:
- Pick a sample of sales transactions
- Trace each one to invoices, contracts, delivery notes, and receipts
- Match recorded revenue to the supporting evidence
Sample Deliverable:
- Schedule of transactions tested
- List of evidence examined
- Exceptions noted
Expense Verification Testing
Procedure:
- Choose expense items for testing
- Check invoices, approvals, and proof of payment
- Compare each item against company policy
Sample Deliverable:
- Summary of expense tests
- Results of document checks
- Factual observations
Payroll Testing
Procedure:
- Choose a sample of employees from the payroll
- Check employee files, contracts, and salary computations
- Match payroll records to bank payments
Sample Deliverable:
- Payroll testing report
- Exceptions noted
- Supporting schedules
Sample Agreed Upon Procedures Deliverables
Depending on the scope agreed, the deliverables from an AUP engagement can include:
1. Agreed Upon Procedures Engagement Letter
Covers:
- The purpose of the engagement
- The procedures to be carried out
- Each party’s responsibilities
- How findings will be reported
- Limits of the engagement
2. Customized Testing Plan
Covers:
- The procedures agreed
- Documents we will need
- How testing will be carried out
- How samples will be selected
3. Working Paper Documentation
Covers:
- Work carried out
- Evidence examined
- Supporting schedules
- Test results
4. ISRS 4400 Factual Findings Report
The final report sets out:
- The procedures carried out
- Findings in factual detail
- Any exceptions found
- Supporting observations
With this report, the intended users can review the findings and form their own conclusions from the work performed.
Industries Served
Our Agreed Upon Procedures Services in UAE are used by organisations across many sectors, such as:
- Real estate and construction
- Trading companies
- Manufacturing businesses
- Hospitality groups
- Healthcare organizations
- Technology companies
- Investment entities
- Family businesses
- Non-profit organizations
Why Choose Our Agreed Upon Procedures Services in UAE?
- Procedures built around your specific requirements
- Work performed in line with ISRS 4400
- Findings reported clearly and factually
- Reports suited to investors, lenders, and other stakeholders
- Thorough documentation of every test
- An open, professional process from start to finish
Frequently Asked Questions (FAQ)
Q1What are Agreed Upon Procedures services in UAE?
They are engagements in which we carry out specific procedures approved by the stakeholders, then report the factual findings supported by the evidence we collect.
Q2Are Agreed Upon Procedures the same as an audit?
No. An audit ends in an independent opinion. An Agreed Upon Procedures engagement simply reports the factual results of the specific tests that were agreed.
Q3What standard applies to Agreed Upon Procedures engagements?
These engagements are carried out under ISRS 4400 (Revised) – Agreed-Upon Procedures Engagements.
Q4Can AUP procedures be customized?
Yes. The procedures can be adapted to your business goals, stakeholder needs, transaction risks, and compliance obligations.
Q5What documents are required for an AUP engagement?
This depends on the agreed scope. Common items include financial records, invoices, contracts, bank statements, payroll data, internal policies, and other supporting evidence.
Q6Does an Agreed Upon Procedures report provide assurance?
No. The report sets out factual findings from the agreed procedures and contains no assurance opinion or audit conclusion.
Q7Who uses Agreed Upon Procedures reports?
Typical users include business owners, investors, lenders, regulators, and any other party that needs independent confirmation of particular information.
Q8How long does an Agreed Upon Procedures engagement take?
Timing depends on the scope, how many transactions are tested, how complex the procedures are, and how quickly supporting documents are made available.
Related Audit & Advisory Services in UAE
Need Targeted Verification & Factual Findings Reporting?
Partner with NUF Chartered Accountants to execute ISRS 4400 agreed-upon procedures tailored to your stakeholders, lenders, and regulatory requirements across the UAE.
