Agreed Upon Procedure Services in Oman
Agreed Upon Procedure (AUP) Services are a type of assurance service where a business and an audit professional agree on specific procedures to be performed on selected financial or non-financial data.
This makes them highly targeted, efficient, and customized to specific business needs such as verifying financial compliance, reviewing bank statements, or validating contracts.
In Oman, AUP Services are especially valuable for companies needing focused insight without the cost or scope of a full audit. These services support transparency and compliance for regulatory filings, investor reporting, and risk management efforts.
AUPs support contract compliance, anti-fraud checks, and AML verifications. They provide clarity and assurance for Omani businesses. This ensures trustworthy, accountable operations without added complexity.
Scope of Agreed Upon Procedure Services
Agreed Upon Procedure (AUP) Services in Oman are designed to deliver focused, objective insights into specific financial areas, helping businesses ensure accuracy, transparency, and compliance without the need for a full audit.
Through tailored procedures such as audit reviews, financial statement reviews, and compilations, we provide clear, detailed reports that support decision-making and build stakeholder confidence.
The Agreed Upon Procedure (AUP) Process
- Initial Consultation & Needs Assessment: We begin by understanding your specific concerns whether it’s a regulatory deadline or stakeholder inquiry and assess how an Agreed-Upon Procedures (AUP) engagement can address your needs effectively.
- Defining the Agreed Procedures: In collaboration with you, we define the exact procedures to be performed. These include analytical checks and documentation steps tailored to your expectations and compliant with Oman’s regulatory standards.
- Execution and Fieldwork: Our team performs the agreed procedures with precision, including document examination, transaction tracing, and unbiased testing to ensure accuracy.
- Reporting and Findings: We provide a comprehensive report detailing factual findings without opinions, which can support internal decisions, satisfy stakeholders, or meet regulatory requirements.
- End-to-End Transparency: Throughout the process, MFN Auditing ensures transparency, compliance, and alignment with both international standards and Omani regulations for maximum credibility
Benefits of Agreed Upon Procedure (AUP) for Omani Businesses
Transparent Reporting
Unlike a standard AUP audit, the AUP is designed with your business’s unique needs in mind. You choose the procedures, and the report reflects exactly what was performed and what was found, nothing more, nothing less. This personalized approach ensures transparency in every financial activity.
Compliance and Risk Reduction
With growing scrutiny in Financial Compliance Oman, AUPs help you demonstrate responsibility and diligence. By identifying specific risks and confirming regulatory steps, your business can remain compliant and avoid unnecessary penalties.
Cost-Effective and Efficient Process
Agreed Upon Procedure Services in Oman offer cost effectiveness by focusing only on what matters. Unlike comprehensive audits, which can be time-consuming and expensive, AUPs are faster and more economical, especially for SMEs or time-bound engagements. They are the ideal solution when you don’t need a full review or compilation.
Building Trust and Credibility with Stakeholders
A well-structured, agreed-upon procedures report builds confidence among stakeholders. Whether it’s investors, government bodies, or lenders, providing an independent, transparent document proves your commitment to financial clarity and accountability.
Building Trust and Credibility with Stakeholders
A well-structured, agreed-upon procedures report builds confidence among stakeholders. Whether it’s investors, government bodies, or lenders, providing an independent, transparent document proves your commitment to financial clarity and accountability.
Key Features of Agreed Upon Procedure (AUP) Services
Customized Procedure Scope
Through AUP engagements, MFN Auditing collaborates with clients to define what exactly needs review. Whether it’s a contract clause, revenue recognition, or testing specific transactions in a company’s financial statements, the scope is 100% client-focused.
Specific, Detailed Reports
Our reports stick strictly to true and fact based results. No opinions, no assumptions, just results. The format follows the agreed upon procedures standard, ensuring international and Omani compliance.
Independent Professional Evaluation
As a leading provider of audit-related services in Oman, MFN Auditing provides objective analysis without offering a full audit opinion. This independence ensures the credibility of your procedure engagement while maintaining neutrality.
Adherence to Local and International Standards
Our approach is rooted in ISRS 4400 and Omani statutory requirements. We make sure every AUP engagement aligns with both generally accepted guidelines and local laws.
Audit & Assurance Services We Offer
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Relevant Laws, Standards, or Industry Frameworks
International standard guiding agreed-upon procedures.
Governs financial reporting and audit requirements.
Regional guidelines for audit compliance.
Standards for preparing financial statements.
Ensures tax compliance and accurate disclosures.
Project Timelines for Agreed Upon Procedure Services in Oman
| Phase | Typical Duration |
|---|---|
| Consultation & Needs Assessment | 1–2 days |
| Strategic Planning & Design | 2 days |
| Implementation & Execution | 3–5 days |
| Ongoing Support & Optimization | Ongoing |
Why Choose MFN Auditing for AUP Services
MFN Auditing blends local expertise with global best practices to deliver high-quality agreed-upon procedure services.
Our deep knowledge of Omani business laws ensures accurate, compliant, and reliable assurance for every client.
We tailor our procedures to fit your specific goals, whether you’re a growing SME or a large corporation.
Every engagement is handled with a personal, client-focused approach for meaningful and relevant results.
We have a strong track record of helping businesses meet lender requirements, investor expectations, and contract obligations.
Clients trust us for our transparency, precision, and consistent performance across multiple industries in Oman.
Schedule a Consultation with Our Expert Team
Book your appointment today for expert guidance, practical solutions, and a smooth consultation experience. Let’s take the next step together with clarity and confidence.
FAQ's:
An audit provides an opinion on the entire set of financial statements. An AUP, on the other hand, focuses only on specific areas and reports exactly what was found, without any opinion.
The duration typically ranges from 1 to 5 days, depending on the complexity of the procedures involved and the readiness and availability of all required documents and information.
Yes, MFN Auditing provides clear, detailed report samples to ensure full transparency. This helps clients understand the audit process, report format, and expected outcomes before commencing the engagement.
Absolutely, all engagements strictly comply with Oman’s laws and relevant international auditing standards, including ISRS 4400 (Revised), ensuring full regulatory adherence.
MFN Auditing offers expert guidance, efficient processes, and ensures full regulatory compliance, making it a trusted and reliable partner for assurance services in Oman.