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.

Question

Quizplus · Accepted Answer

While obtaining knowledge about the client's business, evaluating assumptions, and identifying key factors affecting the information are all necessary steps for a CPA to provide an attestation report, confirming expected sales with customers is not a typical step in the attestation process. This would fall more under the purview of sales and marketing departments within the company.

Hamell Corporation Is Making a Presentation to a Prospective Investor