Agreed-Upon Procedures (AUP) Saudi Arabia
Focused financial verification through agreed-upon procedures — bank compliance certificates, grant disbursement verification, contract milestone reports, and regulatory AUP engagements.
An Agreed-Upon Procedures (AUP) engagement is a targeted professional services engagement where an accountant performs specific, agreed procedures on financial information and reports the factual findings — without expressing an opinion or conclusion. Unlike an audit (which provides assurance over complete financial statements), an AUP engagement is scoped precisely to the procedures the engaging party specifies.
AUP engagements are increasingly common in Saudi Arabia for bank covenant compliance certificates, government grant accountability reports, contract milestone payment verification, supplier financial capability assessments, and due diligence on specific balance sheet items. Intelli Solutions performs AUP engagements in accordance with ISRS 4400 (Revised) — providing factual, objective reports that meet the specific requirements of banks, government agencies, and commercial counterparties.
Common AUP Engagements in Saudi Arabia
Bank Covenant Certificates
Periodic verification that financial covenants in loan agreements are being met — DSCR, leverage ratios, minimum equity — issued to the lending bank as required.
Grant Disbursement Verification
Verification of fund usage for ARAMCO, KACST, Saudi Aramco Entrepreneurship Center (Waed), or government grant programmes — confirming expenditure is in accordance with grant conditions.
Contract Milestone Verification
Factual reporting on specific financial or operational milestones in construction, infrastructure, and service contracts — used for progress payment certification.
Specific Balance Sheet Items
Targeted procedures on receivables recoverability, inventory existence and valuation, or cash and bank balances — for investment decisions or dispute resolution.
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AUP reports tailored to your exact requirements — bank, government, or commercial counterparty. Free scoping call.