96.The report on an agreed-upon procedures engagement needs to describe the purpose and the procedures that have been agreed upon in sufficient details. The report should appropriately include the "title"

Group of answer choices

Report of Factual Findings.

CPA's Report of Agreed-Upon Procedures.

Report of agreed Procedures and Finding.

Report of Agreed-Upon Procedures.

97.Which statement is incorrect regarding compilation engagement?

Group of answer choices

Users of the compiled financial information derive some benefit as a result of the accountant's involvement because the service has been performed with professional competence and due care.

In all circumstances when an accountant's name is associated with financial information compiled by the accountant, the accountant should issue a report.

The procedures employed are designed to enable the accountant to express limited assurance on the financial information.

This ordinarily entails reducing detailed data to a manageable and understandable form without a requirement to test the assertions underlying that information.

98.An auditor should not issue a report on

Group of answer choices

internal control.

quarterly financial information.

management performance.

the achievability of forecasts.

99.The statement that the reviewer "is not aware of any material modification that should be made to the financial statements in order for them to be in conformity with PFRS" is known as:

Group of answer choices

reasonable assurance.

negative assurance.

negligent performance.

necessary ignorance.

100.The report on an agreed-upon procedures engagement needs to describe the purpose and the agreed-upon procedures on the engagement in sufficient detail to enable the reader to understand the nature and the extent of the work performed. The report of factual findings should not contain:

Group of answer choices

a description of the auditor's factual findings including sufficient details of errors and exceptions found.

addressee (ordinarily the client who engaged the auditor to perform the agreed-upon procedures).

identification of the purpose for which the agreed-upon procedures were performed.

a statement that the procedures performed constitute an audit and, as such, an opinion is expressed.