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An auditor is considering accepting an engagement to apply agreed-upon procedures to prospective financial statements. The engagement should only be accepted if: a. the report
An auditor is considering accepting an engagement to apply agreed-upon procedures to prospective financial statements. The engagement should only be accepted if:
a. | the report is distributed only to the specified users involved | |
b. | all financial statements also are examined | |
c. | responsibility for the adequacy of the procedures performed is taken by the accountant. | |
d. | assurance is expressed on the prospective financial statements taken as a whole |
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