Which of the following is correct concerning an agreed-upon procedure engagement performed under the attestation standards?
A. Mere reading of an assertion ordinarily constitutes a minimum sufficient procedure to issue a report.
B. The use of the report is ordinarily restricted to management.
C. A written assertion is generally not required.
D. The minimum procedures to be performed include a consideration of internal control.
Answer:C
C is corrent because agreed-upon procedures engagements ordinarily do not require a written assertion.
A is incorrect because mere reading of the assertion is insufficient.
B is incorrect because the use of the report is restricted to management and the specified parties involved.
D is incorrect because no consideration of internal control is required unless that is what is agreed upon.