The Most Difficult Part of Auditing a Forecast Is

question 103

Multiple Choice

The most difficult part of auditing a forecast is:

• A) evaluating the reasonableness of the assumptions used in its preparation.
• B) ensuring adequacy of disclosure.
• C) establishing the likelihood of future events occurring.
• D) establishing the real purpose of the forecast.

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Definitions:

Human Intelligence

A measure of the ability to learn from experience, solve problems, and use knowledge to adapt to new situations.

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IQ Test

A standardized assessment used to measure intellectual capabilities and potential.

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