Which of the following statements is false regarding responsibilities associated with agreed-upon procedures engagements?
A) The responsibility of the practitioner is to conduct the procedures and report the findings in accordance with applicable professional standards.
B) The practitioner must have adequate knowledge of the subject matter.
C) The practitioner is required to determine if there exists a difference between the agreed-upon procedures requested by the specified parties and the procedures that the practitioner would have decided to conduct if the practitioner would have been engaged to perform another form of engagement.
D) The practitioner should not agree to perform agreed-upon procedures that are overly subjective.

Question

Quizplus · Accepted Answer

The practitioner is not required to determine if there exists a difference between the agreed-upon procedures requested by the specified parties and the procedures that the practitioner would have decided to conduct if the practitioner would have been engaged to perform another form of engagement. This statement is false as it contradicts the very nature of an agreed-upon procedures engagement, which is to perform only the procedures agreed upon by the specified parties. The practitioner's responsibility is limited to conducting those procedures and reporting the findings in accordance with applicable professional standards.

Which of the Following Statements Is False Regarding Responsibilities Associated