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Author Question: Which of the following statements regarding prospective financial statements ismostcorrect? (Read 80 times)

blkth103

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Question 1

Which of the following statements is not correct?
◦ Forecasts can be provided for general use.
◦ Forecasts can be provided for limited use.
◦ Projections can be provided for general use.
◦ Projections can be provided for limited use.

Question 2

Which of the following statements regarding prospective financial statements is most correct?
◦ CPAs are not attesting to the accuracy of the prospective financial statements.
◦ CPAs are attesting to the accuracy of the prospective financial statements.
◦ CPAs are performing a review on the company's assumptions and hypotheticals that underlie the prospective financial statements.
◦ CPAs are performing a review on the achievability of the prospective financial statements.


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Marked as best answer by blkth103 on Aug 21, 2022

gwisel

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blkth103

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it


bitingbit

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Reply 3 on: Yesterday
Excellent

 

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