Which of the following activities is not part of the examination of prospective financial statements?

Question

Quizplus · Accepted Answer

Assembling the prospective financial statements is not part of the examination of prospective financial statements. Instead, assembling the prospective financial statements is the responsibility of management or the entity preparing the statements. The examination of prospective financial statements typically includes evaluating the support for assumptions, evaluating the preparation of the statements, and evaluating the presentation for conformity with AICPA guidelines.

Which of the Following Activities Is Not Part of the Examination