Attest engagements Flashcards Preview

Audit Simulation > Attest engagements > Flashcards

Flashcards in Attest engagements Deck (2):
1

Prospective Financial Statements

Can not be Reviewed

Must include a statement that results may not be achieved

Must include statement that Accountant has no responsibility to update the report

2

Financial Projection

(hypothetical transaction - ex. financial results if sold during the 3rd quarter this year)

Must include paragraph restricting use - that this is Strictly for limited use