Question

A practitioner may perform an agreed-upon procedures engagement on prospective financial statements provided that which of the following is met?a. Use of the agreed-upon procedures report is notrestricted. b. The client agrees that the practitioner will decide appropriate procedures to be performed. c. The practitioner sets the criteria to be used in the determination of findings. d. The prospective financial statements include a summary of significant assumptions.

Answer 1

Option b is correct

Step-by-step explanation:

The requirement of this service is to be independently derived because the procedures vary according to needs of the parties involved in the agreement.