Engagements to do agreed upon procedures are special engagements which require the auditor to comment on the factual finding on performance of the agreed procedures on financial information, this kind of engagement uses the auditor’s financial expertise rather than audit expertise and is not a form of audit engagement since assurance is not expressed. The auditor needs to adhere to standards issued on performance of related services to ensure appropriateness of procedures performed and to ensure quality of work performed. To select: The correct option.

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Chapter 21, Problem 21.17MCQ

To determine

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Engagements to do agreed upon procedures are special engagements which require the auditor to comment on the factual finding on performance of the agreed procedures on financial information, this kind of engagement uses the auditor’s financial expertise rather than audit expertise and is not a form of audit engagement since assurance is not expressed.

The auditor needs to adhere to standards issued on performance of related services to ensure appropriateness of procedures performed and to ensure quality of work performed.

To select: The correct option.

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