Which of the following is not an accurate statement regarding agreed-upon procedures engagements?
A) These engagements are also known as procedures and findings engagements.
B) A report for such an engagement describes the findings resulting from the procedures, but cannot describe the procedures agreed upon.
C) All agreed-upon procedure engagements are now under the scope of attestation standards.
D) Agreed-upon procedures engagements appeal to CPAs because management, or a third-party user, specifies the procedures they want done.
Correct Answer:
Verified
Q113: In an examination engagement for prospective financial
Q114: What is the best reason that standards
Q115: One of the bases other than GAAP
Q116: A primary concern in reporting on a
Q117: An agreed-upon procedures engagement cannot be undertaken
Q119: Considerable guidance is provided by the AICPA
Q120: Which of the following statements regarding prospective
Q121: Auditors frequently audit statements prepared on bases
Q122: State three types of assurance services that
Q123: Auditors should provide debt compliance letters only
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents