Hamell Corporation Is Making a Presentation to a Prospective Investor

question 19

Multiple Choice

Hamell Corporation is making a presentation to a prospective investor.The presentation includes a projection showing that the company's sales will be between $25,000,000 and $27,000,000 within the next three years.Hamell believes the information will be better received if its CPA provides an attestation report on the projection.In order to provide such a report the CPA must do all of the following EXCEPT

• A)obtain knowledge about the client's business.
• B)evaluate the assumptions used in preparing the projection.
• C)confirm expected sales with customers.
• D)identify key factors affecting the information.

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Definitions:

Multiple-Choice Options

A selection method where a question is followed by several possible answers, and the respondent must choose the best one.

Hierarchy of Goals

An arrangement of objectives in which some are prioritized above others according to their importance or urgency.

Abstract

A brief summary of a research article, thesis, review, or other in-depth analysis of a particular subject or discipline.

Concrete

Relating to actual, tangible objects or phenomena, as opposed to abstract concepts.