A Report on an Examination of a Forecast with an Unqualified

question 95

Multiple Choice

A report on an examination of a forecast with an unqualified opinion would not address which of the following?

• A)The prospective results may not be achieved.
• B)The CPA assumes no responsibility to update the report for events and circumstances occurring after the date of the report.
• C)The fact that the examination was conducted in accordance with attestation standards established by the AICPA.
• D)The auditor's opinion on the adequacy of the company's internal controls.

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Definitions:

Baumrind

Pertains to the work of developmental psychologist Diana Baumrind, recognized for her studies on the impact of various parenting methods on children.

Inductive Method

A scientific method of reasoning where generalized conclusions are drawn from specific observations or instances.

Desirable Behavior

Actions or conduct that are deemed preferable or appropriate within a given social or cultural context, often encouraged through positive reinforcement.

Preschooler's Behavior

Characteristics and patterns of actions typically exhibited by children in the preschool stage, generally focusing on exploration, learning, and rapidly developing social skills.