When a practitioner examines projected financial statements, Ask an Expert

Accounting

When a practitioner examines projected financial statements, the practitioner's report should include a separate paragraph that:

A. Describes the limitations on the usefulness of the presentation.

B. Provides an explanation of the differences between an examination and a review.

C. States that the accountant is responsible for events and circumstances for a period not exceeding one year after the report's date.

D. Disclaims an opinion on whether the assumptions provide a reasonable basis for the projection.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M972023

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