Agreed-upon procedures to prospective financial statements


Which of the following is correct relating to an engagement to apply agreed-upon procedures to prospective financial statements?

A. Use of the report is restricted to the specified users.

B. Such engagements are permissible for forecasts but not for projections.

C. Responsibility for the adequacy of the procedures performed is taken by the practitioner.

D. Such engagements are not permissible under the professional standards.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Agreed-upon procedures to prospective financial statements
Reference No:- TGS072027

Expected delivery within 24 Hours