Indicate which of the engagements performed on historical financial information (examination (E), agreed-upon procedures (AU). review...

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Indicate which of the engagements performed on historical financial information (examination (E), agreed-upon procedures (AU). review (R), compilation (C), and preparation (P)) are associated with the following statements. (Your responses may be "Yes", "No", or "Possibly") AU R 1. Accountant prepares an engagement letter with the client to document an understanding of the scope of the engagement. 2. Accountant works with identified users in establishing the scope of the engagement. 3. Accountant performs the engagement in accordance with generally accepted auditing standards. 4. Engagement requires accountant to perform some level of substantive procedures. 5. Engagement allows accountant to express imited assurance on the fairness of the financial statements. 6. Accountant is required to be independent to conduct engagement. 7. Accountant will perform inquiries of management during the engagement. 8. Engagement allws accountant to express an opinion on the faimess of the financial statements. Use of the accountants' report may be limited to specified users. 10. Accountant obtains an understanding of the client's internal control over financial reporting. 9. Indicate which of the engagements performed on historical financial information (examination (E), agreed-upon procedures (AU). review (R), compilation (C), and preparation (P)) are associated with the following statements. (Your responses may be "Yes", "No", or "Possibly") AU R 1. Accountant prepares an engagement letter with the client to document an understanding of the scope of the engagement. 2. Accountant works with identified users in establishing the scope of the engagement. 3. Accountant performs the engagement in accordance with generally accepted auditing standards. 4. Engagement requires accountant to perform some level of substantive procedures. 5. Engagement allows accountant to express imited assurance on the fairness of the financial statements. 6. Accountant is required to be independent to conduct engagement. 7. Accountant will perform inquiries of management during the engagement. 8. Engagement allws accountant to express an opinion on the faimess of the financial statements. Use of the accountants' report may be limited to specified users. 10. Accountant obtains an understanding of the client's internal control over financial reporting. 9.

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