When engaged to express an opinion on one or more specified elements, accounts, or items of a

Question:

When engaged to express an opinion on one or more specified elements, accounts, or items of a financial statement, an auditor:

a. May not describe auditing procedures applied.

b. Should advise that professional standards preclude anything other than a piecemeal opinion.

c. May assume that the first standard of reporting concerning generally accepted accounting principles does not apply.

d. Should perform the engagement only if the specified elements, accounts, or items constitute a major portion of the financial statements.

Choose the correct answer.

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