Lesson: AUP vs. Other Types of Engagements

This lesson compares and contrasts the different types of engagements, focusing on agreed-upon procedures (AUP), audits, and consulting. The lesson highlights that AUP is a hybrid between auditing and consulting, being restricted and following SSAE at testation. The video then explores the possibility of combining AUP with other engagements such as audits, reviews, or compilations, as long as the types of services are clearly distinguishable and the applicable standards for each service are followed. Nick Palazzolo also notes that AUP cannot be applied to engagement to issue letters, comfort letters, and specific requests in court.