Q) Statements 1 through 8 below present various phrases or characteristics that may apply to audits, reviews, and compilations. Place an X in the appropriate cell on the right side of the page if the phrase or characteristic applies to the listed service. Be aware that each statement may apply to one or more of the listed services.

						Agreed-Upon
Statement		Examination		Review		Procedures
1. Specified parties agree on the procedures to be performed.
2. The report issued includes a list
of procedures performed and a
summary of findings
3. Subject matter is required for the
engagement
4. The report includes limited assurance
5. The report includes negative assurance
6. Materially misstated client information
leads to either a qualified or adverse
opinion
7. Independence is required
8. This form of association is not
available for a financial forecast