An agreed-upon procedures engagement is one in which
A) the CPA and management agree that procedures will be applied to all accounts and circumstances.
B) the CPA and management agree that procedures will not be applied to all accounts and circumstances.
C) 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.
D) 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.

Question

Quizplus · Accepted Answer

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 to all the procedures the CPA will perform. This means that the CPA will only perform the procedures agreed upon by all parties and will report the findings of those procedures in a report that is restricted to the intended users.

An Agreed-Upon Procedures Engagement Is One in Which