When an auditor is associated with the preparation of forecasts, all of the following should be disclosed except the:
A)character of the work performed by the auditor.
B)sources of information.
C)probability of achieving estimates.
D)major assumptions in the preparation of the forecasts.

Question

Quizplus · Accepted Answer

The probability of achieving estimates should be disclosed when an auditor is associated with the preparation of forecasts. Therefore, all of the other options (character of work performed, sources of information, and major assumptions) should be disclosed.

When an Auditor Is Associated with the Preparation of Forecasts