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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Answer 1

Question

Chapter 21, Problem 21.17MCQ

To determine

Introduction:

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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Answer 2

Question

Chapter 21, Problem 21.17MCQ

To determine

Introduction:

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.

Expert Solution & Answer

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Answer 3

Question

Chapter 21, Problem 21.17MCQ

To determine

Introduction:

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.

Expert Solution & Answer

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Answer 4

Question

Chapter 21, Problem 21.17MCQ

To determine

Introduction:

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.

Expert Solution & Answer

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Answer 5

Chapter 21, Problem 21.17MCQ

To determine

Introduction:

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.

Answer 6

Chapter 21, Problem 21.17MCQ

To determine

Introduction:

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.

Answer 7

Chapter 21, Problem 21.17MCQ

To determine

Introduction:

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.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 21 - Prob. 21.1RQ Ch. 21 - Prob. 21.2RQ Ch. 21 - Prob. 21.3RQ Ch. 21 - Prob. 21.4RQ Ch. 21 - Prob. 21.5RQ Ch. 21 - Prob. 21.6RQ Ch. 21 - Prob. 21.7RQ Ch. 21 - Prob. 21.8RQ Ch. 21 - Prob. 21.9RQ Ch. 21 - Prob. 21.10RQ

Solution Summary: The author explains that engagements to do agreed upon procedures require the auditor to comment on the factual finding on performance of the agreed procedures on financial information.

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Chapter 21 Solutions