TB MA Qu. 20-54 Following are a set of...

Following are a set of statements. For each statement indicate with an "X" whether it is correct with respect to an examination, a review, and/or an agreed-upon procedures engagement. Each statement may relate to none, one or more services

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

Answer rating: 100% (QA)

Statements 1 2 3 4 5 6 700 Statement Independence is ... View the full answer