Public accounting firms are sometimes engaged to report on specified accounts, elements and other items of financial statements.

a. Discuss types of reports that may be provided for a nonpublic company for specified accounts, elements, and items of financial statements. Discuss why a nonpublic company would want such reports, or their uses.

b. Why should reports on the application of agreed-upon procedures to information be restricted to specified users? Do you agree with this rule?

c. Find an example of such a report on the internet, summarize it for your colleagues, and attach the link to the report.