A CPA’s report on prospective Financial Statements is required to include a sentence stating that the CPA has no responsibility to update the report after the report date for which engagement(s)?a. Examination of a ForecastCompilation of a ProjectionCompilation of a ForecastYesYesYes b. Examination of a ForecastCompilation of a ProjectionCompilation of a ForecastYesNoYes c. Examination of a ForecastCompilation of a ProjectionCompilation of a ForecastYesYesNo d. Examination of a ForecastCompilation of a ProjectionCompilation of a ForecastNoYesYes e. Examination of a ForecastCompilation of a ProjectionCompilation of a ForecastNoNoYes

Audit report represents the report prepared by an auditor that shows the opinion of the auditor on…

Answered: A CPA’s report on prospective Financial…

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter17: Other Services Provided By Audit Firms

Section: Chapter Questions

Problem 24MCQ

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A CPA’s report on prospective Financial Statements is required to include a sentence stating that the CPA has no responsibility to update the report after the report date for which engagement(s)?

Examination of a Forecast	Compilation of a Projection	Compilation of a Forecast
Yes	Yes	Yes

Examination of a Forecast	Compilation of a Projection	Compilation of a Forecast
Yes	No	Yes

Examination of a Forecast	Compilation of a Projection	Compilation of a Forecast
Yes	Yes	No

Examination of a Forecast	Compilation of a Projection	Compilation of a Forecast
No	Yes	Yes

Examination of a Forecast	Compilation of a Projection	Compilation of a Forecast
No	No	Yes

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