Evidence Should Be Obtained for Which of the Following in a Prospective

question 31

Multiple Choice

Evidence should be obtained for which of the following in a prospective financial information assurance engagement report (PFI) such as a forecast or projection?

• A)That the assumptions used by management are appropriate.
• B)That the PFI was prepared at the same time as the historical financial statements.
• C)That the PFI gives a true and fair view.
• D)Evidence should be obtained for all of the above.

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Definitions:

Correlation

describes a statistical measure that expresses the extent to which two variables change together, indicating a possible relationship between them, but not causation.

Car Accident

An unplanned, unforeseen event involving a vehicle impacting another object, vehicle, or pedestrian, often leading to damage or injury.

P-hacking

The practice of selectively reporting experimental results to find statistically significant outcomes.

Questionable Research Practice

Research practices that, while not outright fraudulent, are ethically dubious and can undermine the integrity of scientific findings.