An accountant may accept an engagement to apply agreed-upon procedures that are not sufficient to express...
An accountant may accept an engagement to apply agreed-upon procedures that are not sufficient to express an opinion on one or more specified accounts or items of a financial statement provided that
A. The accountant's report does not enumerate the procedures performed.
B. The financial statements are prepared in conformity with a comprehensive basis of accounting other than generally accepted accounting principles.
C. Distribution of the accountant's report is restricted to the specified users.
D. The accountant is also the entity's continuing auditor.
Homework Answers
Answer : C. Distribution of the accountant's report is restricted to the specified users.
As
In case an accountant accept an engagement to apply agreed upon procedure that are not sufficient to express an opinion on one or more specified accounts or items he must ensure that the report is to be used only by restricted users as he may not give opinion in such engagement to be used by all or general
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