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kickykhalil kickykhalil
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A year ago
What is the best reason that standards prohibit accepting an engagement on a projection for general use?

▸ The CPA's procedures would violate SSARS.

▸ Reports on projections are not well understood by the general public.

▸ Underlying hypothetical assumptions are difficult to interpret without obtaining additional information.

▸ The CPA is not qualified to report on the use of GAAP in the projected financial statement.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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JulzMarieJulzMarie
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A year ago
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