An Accountant's Compilation Report on a Financial Forecast Should Include

question 40

Multiple Choice

An accountant's compilation report on a financial forecast should include a statement that the

• A) Compilation does not include evaluation of the assumptions underlying the forecast.
• B) Hypothetical assumptions used in the forecast are reasonable.
• C) Range of assumptions selected is one in which one end of the range is less likely to occur than the other.
• D) Prospective statements are limited to presenting, in the form of a forecast, information that is the accountant's representation.

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Definitions:

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