When a financial forecast fails to disclose a significant assumption used to prepare that forecast,which of the following reports become appropriate? $\begin{array}{lcc}
& \text { Qualified } & \text { Adverse } \
\text { A) } & \text { Yes } & \text { Yes } \
\text { B) } & \text { Yes } & \text { No } \
\text { C) } & \text { No } & \text { Yes }\
\text { D) } & \text { No } & \text { No }
\end{array}$
A)Option A
B)Option B
C)Option C
D)Option D

Question

Quizplus · Accepted Answer

An adverse report is appropriate when a financial forecast fails to disclose a significant assumption, as it indicates a material misstatement.

When a Financial Forecast Fails to Disclose a Significant Assumption