In an agreed-upon procedures engagement, the report is:

• A. The report is restricted to those parties who have agreed to those specific procedures to be performed.
• B. The CPA provides recipients of the report a tinged assurance reasonableness of the assertion(s) presented in the financial information.
• C. The report states that the auditor has not recognized any basis that requires revision of financial statements.
• D. The report should state that the procedures performed are limited to analytical procedures and inquiry.

Answer: (A)

In an agreed-upon procedures engagement, the work is defined by procedures explicitly agreed with the client and with those specific users who will rely on the report, and no opinion or overall assurance is provided. The report is written for those particular parties and is restricted to them, describing exactly what procedures were performed and the findings. This tailored nature means the report isn’t intended for a broad audience or to give a conclusion about the financial statements as a whole. The procedures can vary beyond just analytical procedures or inquiries and may include tests of details, inspections, or other steps as agreed. So the report being restricted to those parties who have agreed to the procedures is the correct description.