In an agreed-upon procedures engagement,an accountant must
A) Follow the attestation standard related to internal control.
B) Follow the attestation standard related to evidential matter.
C) Include negative assurance explicitly in the report.
D) Perform all of the above.

Question

Quizplus · Accepted Answer

In an agreed-upon procedures engagement, the accountant must follow the attestation standard related to evidential matter. The objective of such an engagement is to apply agreed-upon procedures to financial and nonfinancial information, and to issue a report of factual findings based on those procedures. There is no requirement to follow the attestation standard related to internal control or to include negative assurance explicitly in the report.

In an Agreed-Upon Procedures Engagement,an Accountant Must