8 S1: If the engagement is revised from an audit to agreed-upon procedures, the new engagement should not mention the original engagement.  S2: Compliance audits are used to determine adherence to rules and regulations set by higher authority.  Group of answer choices  Both S1 and S2 are incorrect.  Only S1 is correct.  Both S1 and S2 are correct.  Only S2 is correct.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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S1: If the engagement is revised from an audit to agreed-upon procedures, the new engagement should not mention the original engagement. 
S2: Compliance audits are used to determine adherence to rules and regulations set by higher authority. 

Group of answer choices 

Both S1 and S2 are incorrect. 

Only S1 is correct. 

Both S1 and S2 are correct. 

Only S2 is correct. 

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