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What is agreed upon procedures and how is it different from review engagement?

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Question added by Wasim khan wazir , Finance Specialist , Mott Macdonald
Date Posted: 2016/05/08
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by Deleted user

Agreed upon procedures are those where a auditor carries out only those procedures that have been agreed by the entity and third party and reports only the related factual findings.

 

Review engagement is the process of preparing financial statements and reviewing them to state whether they are worthy of belief or not.

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