ForecastsRecent Proposals by Investors and Others Have Suggested That Corporations

question 75

Essay

Forecasts.Recent proposals by investors and others have suggested that corporations include financial forecasts in their annual reports. It further has been suggested that the CPA attest to those forecasts.
Instructions
(a) What arguments are advanced to support the publication of such forecasts?
(b) What arguments are advanced that oppose the publication of such forecasts?

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Definitions:

Distinctive Thoughts

Unique or specific mental processes or ideas that set an individual or concept apart from others.

Demands of Reality

Refers to the pressures and requirements placed on individuals by the factual conditions or situations of life.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Ego

In psychoanalytic theory, the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.