Choice "B" is correct. In an agreed-upon procedures engagement, use of the report is restricted to the specified users.
Choice "d" is incorrect. Statements on Standards for Accounting and Review Services apply to the unaudited financial statements of a nonissuer, not to engagements to apply agreed-upon procedures to prospective financial statements.
Choice "a" is incorrect. There is no requirement that the accountant also examine prospective financial statements in an agreed-upon procedures engagement.
Choice "c" is incorrect. In an agreed-upon procedures engagement, the specified parties (and not the accountant) take responsibility for the sufficiency of the procedures for their purposes.