When an Accountant Examines a Financial Forecast That Fails to Disclose

question 534

Multiple Choice

When an accountant examines a financial forecast that fails to disclose several significant assumptions used to prepare the forecast, the accountant should describe the assumptions in the accountant's report and issue a (an) :

• A) "Except for" qualified opinion.
• B) "Subject to" qualified opinion.
• C) Unqualified opinion with a separate explanatory paragraph.
• D) Adverse opinion.

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Definitions:

Evaluators

Individuals or entities tasked with assessing performance, value, or quality, often within organizational, educational, or research contexts.

Performance Management

The continuous process of setting objectives, assessing progress, and providing on-going coaching and feedback to ensure that employees are meeting their goals and career objectives.

Goal Setting

The process of identifying specific objectives, determining tasks that need to be performed, and establishing timelines to achieve those objectives.

Canadian Companies

Businesses that are based in Canada, operate within its jurisdiction, or were founded there.