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An accountant may accept an engagement to apply agreed-upon procedures that are not sufficient to...

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Accounting

An accountant may accept an engagement to apply agreed-upon procedures that are not sufficient to express an opinion on one or more specified accounts or items of a financial statement provided that

A. The accountant's report does not enumerate the procedures performed.

B. The financial statements are prepared in conformity with a comprehensive basis of accounting other than generally accepted accounting principles.

C. Distribution of the accountant's report is restricted to the specified users.

D. The accountant is also the entity's continuing auditor.

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