Evidence should be obtained for which of the following in a prospective financial information assurance engagement report (PFI) such as a forecast or projection?
A)That the assumptions used by management are appropriate.
B)That the PFI was prepared at the same time as the historical financial statements.
C)That the PFI gives a true and fair view.
D)Evidence should be obtained for all of the above.

Question

Quizplus · Accepted Answer

In a prospective financial information assurance engagement, it is crucial to obtain evidence that the assumptions used by management are appropriate, as these assumptions form the basis of the forecast or projection.

Evidence Should Be Obtained for Which of the Following in a Prospective