ExpertMedium1 markMultiple Choice
CPA · Question 57 · Area 4: Reporting
In an agreed-upon procedures engagement under SSAE, which of the following is prohibited?
In an agreed-upon procedures engagement under SSAE, which of the following is prohibited?
Answer options:
A.
Listing the procedures performed.
B.
Listing the findings.
C.
Providing an opinion or negative assurance on the subject matter.
D.
Restricting the use of the report.
How to approach this question
AUP = I do X, I find Y. No conclusion. No opinion.
Full Answer
C.Providing an opinion or negative assurance on the subject matter.✓ Correct
Providing an opinion or negative assurance on the subject matter.
In an agreed-upon procedures engagement, the practitioner does not express an opinion or conclusion. Instead, the report lists the procedures performed and the specific findings.
Common mistakes
Thinking AUP provides negative assurance (like a Review). It provides NO assurance.
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