Agreed Upon Procedure (AUP) In Saudi Arabia
Agreed Upon Procedure (AUP) engagements in Saudi Arabia involve targeted reviews performed by licensed auditors based on predefined procedures agreed between the client and the auditor. Unlike full audits, AUPs do not provide assurance but deliver factual findings on specific financial or operational areas. MHK Services supports clients by coordinating with certified professionals to define scope, prepare documentation, and ensure procedural compliance.
Why Agreed Upon Procedure Is Used In Saudi Arabia
AUPs are ideal for businesses needing independent verification of specific data without the cost or scope of a full audit. Whether validating revenue, confirming balances, or reviewing compliance metrics, AUPs offer flexibility and precision. MHK Services helps clients define procedures, organize records, and liaise with licensed auditors to ensure that findings meet stakeholder expectations.
Common Use Cases For AUP In Saudi Arabia
AUP engagements are typically requested for:
- Revenue or expense verification
- Grant or subsidy compliance checks
- Confirmation of account balances or transactions
- Internal control testing
- Regulatory or investor reporting
- Due diligence support for acquisitions
MHK Services helps assess the appropriate procedure set and coordinates with qualified experts.
What Are The Legal And Procedural Requirements For AUP In Saudi Arabia?
AUPs must be conducted by licensed auditors using internationally recognized standards such as ISRS 4400. The procedures are defined by the client and auditor, and the final report presents factual findings without interpretation or assurance. MHK Services ensures that coordination aligns with Saudi accounting regulations and global procedural frameworks.
What Documents Are Needed For Agreed Upon Procedure In KSA?
To initiate an AUP engagement, businesses typically provide:
- Financial statements or targeted ledgers
- Contracts or agreements related to the review scope
- Internal policies and control documentation
- Supporting schedules and reconciliations
- Regulatory or investor reporting templates
- Company CR and license details
MHK Services assists in compiling and formatting these documents for review by certified auditors.
Agreed Upon Procedure Cost, Duration, And Process
Estimated Pricing
Fees vary based on scope, complexity, and reporting requirements. Basic AUPs may start from SAR 6,000, while multi-area reviews require tailored quotes.
Estimated Timeline
AUP engagements typically take 1 to 3 weeks, depending on documentation readiness and stakeholder coordination.
How The Process Works
We begin by confirming the objective and defining the procedures. MHK Services coordinates with licensed auditors to execute the agreed steps and issue a report detailing factual findings.
How AUP Supports Targeted Verification In Saudi Arabia
AUPs help businesses:
- Independently verify specific financial or operational data
- Meet investor or regulatory reporting needs
- Avoid full audit costs while maintaining transparency
- Strengthen internal governance and control testing
- Support due diligence and strategic decision-making
Contact Us
Book an Appointment with Us
Schedule a consultation with MHK Services today and discover how our expert Actuarial Valuation and financial consulting services can enhance the accuracy and reliability of your financial records.
MHK Services ensures that AUP coordination supports efficient, objective-driven reporting.
What Challenges Do Companies Face With AUP In Saudi Arabia?
Common issues include:
- Unclear procedure definitions or scope
- Incomplete or misaligned documentation
- Misunderstanding of AUP limitations vs. audit assurance
- Delays in stakeholder cooperation or approvals
- Lack of internal controls or supporting schedules
How Our Services Solve AUP Documentation Issues
MHK Services provides structured support for AUP coordination:
- Procedure definition and documentation planning
- Liaison with licensed auditors and advisors
- Data formatting and reconciliation support
- Advisory on reporting frameworks and submission
- Post-review guidance and compliance alignment
Our role is to facilitate readiness and ensure smooth execution — not to conduct the procedures directly.
Why Choose MHK For Agreed Upon Procedure In Saudi Arabia
MHK Services is trusted by finance teams, regulators, and business owners for AUP coordination. We work with certified professionals to ensure that procedures are executed accurately, findings are clearly reported, and documentation aligns with stakeholder goals. Our support helps clients meet targeted verification needs with precision and confidence.
Verify With Precision — Coordinate Targeted AUP Reviews With Confidence
MHK Services helps businesses define procedures, prepare documentation, and liaise with licensed auditors to deliver factual, stakeholder-aligned findings. Whether for regulatory reporting, due diligence, or internal governance, our coordination ensures your AUP engagement is efficient, compliant, and fit for purpose.
FAQ's
It’s a targeted review based on predefined steps, delivering factual findings without audit-level assurance.
Yes, if the regulator accepts factual findings in place of full audit assurance.
Typically 1 to 3 weeks, depending on scope and documentation.
No, MHK Services coordinates with licensed auditors to ensure proper execution and compliance.