Your board makes decisions
on data
that hasn't been
independently verified.
Agreed Upon Procedures (AUP) give lenders, investors, and boards targeted, independent verification of specific financial data — without the cost or scope of a full audit. Management reporting gives leadership the decision intelligence they need, in the format they can actually use.
Your lender wants specific verification.
Your full audit doesn't cover what they need.
AUP engagements fill the gap between a full statutory audit and no independent verification at all. They are precise, targeted, and legally defensible — exactly what lenders and investors demand when they need assurance on a specific financial claim.
Banks & Lenders
Loan covenant compliance certificates submitted without independent verification — discovered during lender audit, triggering an Event of Default that wouldn't have existed.
PE-Backed Companies
Monthly MIS reports to investors built on unreconciled data — management P&L diverges from books by ₹3–8 Cr per quarter, investor confidence destroyed.
Grant Disbursing Bodies
Utilisation certificates submitted for government or CSR grants without an independent AUP — projects rejected from future funding rounds due to compliance failure.
Joint Ventures & Partnerships
Revenue sharing disputes because neither party has an agreed independent verification mechanism — litigation that costs more than the disputed amount.
Pre-Acquisition Sellers
Earn-out calculations disputed post-close because the agreed calculation methodology was never independently verified during the deal — years of legal wrangling.
Agreed Upon Procedures Engagement
Independent factual findings on specific financial data points — receivables, revenue, covenant metrics — scoped precisely to what the requesting party needs verified.
Management Information System (MIS) Design
Building or restructuring management reporting frameworks — P&L by business unit, working capital dashboards, and variance analysis that actually explains performance.
Board & Investor Reporting Packs
Monthly or quarterly board packs — structured, consistent, and presenting the right KPIs alongside the financial statements leadership needs to govern effectively.
Covenant Compliance Certificates
Independent preparation and verification of lender covenant compliance certificates — DSCR, NWC ratios, leverage covenants — submitted on schedule, every period.
Companies with Loan Covenants
Businesses required to submit periodic covenant compliance certificates — needing independent preparation to protect against Event of Default risk.
PE-Backed & Investor-Funded Companies
Businesses with regular investor reporting obligations who need MIS that reconciles with books and withstands investor scrutiny each quarter.
NGOs & Grant Recipients
Organisations submitting utilisation certificates for government grants, CSR funds, or international aid — requiring independent AUP certification.
JV & Earn-Out Structures
Parties to joint ventures or M&A earn-out arrangements who need agreed independent verification of calculation mechanics to prevent disputes.
Northrop conducts AUP engagements for lenders, PE funds, government grant bodies, and JV partners — from single-metric verification to comprehensive reporting framework design.
Independent verification is not a cost. It is protection against a much larger one.
Tell us what data point needs verification, or what management reporting problem needs solving — we'll design the right engagement around it.