Question

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.

Answer 1

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.

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