Question: The primary difference between a Valuation Engagement and a Calculation Engagement is that: Group of answer choices a. A Calculation Engagement is a shorter form

The primary difference between a Valuation Engagement and a Calculation Engagement is that: Group of answer choices a. A Calculation Engagement is a shorter form of a Valuation Engagement A Valuation Engagement requires that a member applies valuation approaches and methods deemed in their professional judgment to be appropriate, whereas a Calculation Engagement occurs when the client and member agree to specific valuation approaches, methods, and the extent of selected procedures c. The results of a Valuation Engagement can only be presented in a Detailed Report while the results of a Calculation Engagement can only be presented in a Summary Report b. A Calculation Engagement can result in a range of values whereas a Valuation Engagement can only result in a single value

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