An agreed-upon procedures engagement is one in which
the CPA, the responsible party making the assertions, and the specific persons who are the intended users of the CPA's report agree that the CPA will apply his judgment to determine the procedures to be performed. |
||
the CPA and management agree that procedures will be applied to all accounts and circumstances. |
||
the CPA and management agree that procedures will not be applied to all accounts and circumstances. |
||
the CPA, the responsible party making the assertions, and the specific persons who are the intended users of the CPA's report agree to all the procedures the CPA will perform. |
Ans is:-
the CPA, the responsible party making the assertions, and the specific persons who are the intended users of the CPA's report agree to all the procedures the CPA will perform.
Reason:-
As per AT Section 201, CPA, responsible party, and intended users must agree for the procedures to be performed by COA.
Hi mate, |
I would be grateful to you if you can provide a thumbs up and write one beautiful comment. It will improve my rating and let me continue my journey here. |
In case of doubt, please comment. I will consider myself fortunate if I can help you. |
All the best for your bright future. |
Be safe from the corona. Wear a mask before going out and wash hands frequently especially before touching the face |
Get Answers For Free
Most questions answered within 1 hours.