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CPAs become involved in a variety of types of engagements. For each of the following statements, indicate whether it relates to an examination (E), review
CPAs become involved in a variety of types of engagements. For each of the following statements, indicate whether it relates to an examination (E), review (R), or agreed-upon procedures (A) engagement If the statement does not relate to examinations, reviews, or agreed-upon procedures, select None. Type of Engagement a. Statement The term "We are not aware of any material modifications that should be made" is often included in the report b. When financial statements are involved, this is referred to as an audit. c. The report issued provides a summary of procedures performed (determined by the user) and findings. d The report issued provides "absolute assurance" The procedures involved are generally limited to inquiry and analytical procedures. e
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