Which of the following is correct relating to an engagement to apply agreed-upon procedures to prospective financial statements?
A. Such engagements are permissible for forecasts but not for projections.
B. Such engagements are not permissible under the professional standards.
C. Use of the report is restricted to the specified users.
D. Responsibility for the adequacy of the procedures performed is taken by the practitioner.
Answer: C
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