To Perform an Attestation Engagement on Prospective Information or Pro

question 30

Multiple Choice

To perform an attestation engagement on prospective information or pro forma information,accountants must do all of the following except

• A) Obtain knowledge about the entity's business and accounting principles.
• B) Understand the internal controls used in the processes that generated the information.
• C) Obtain an understanding of the process through which the information was developed.
• D) Evaluate the assumptions used to prepare the information.

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Definitions:

Composite Units

A measure used in cost accounting to group heterogeneous products or services into a single unit for costing purposes.