Pik’s financial advisor has asked to see a cash flow projection of apricot co for the next three months your firm has been asked to provide an assurance report to pik’s financial advisor on this prospective financial information. Accountants' services on prospective financial information by robertson, jack c abstract- the performance of examination procedures for reporting on futures-oriented financial information should be based on an evaluation of a wide range of factors, including: the preparation of financial forecasts the underlying assumptions of forecasts and the conformity of forecasts' presentations within . The examination of prospective financial information 313 isae 3400 (b) a mixture of best-estimate and hypothetical assumptions assurance such information illustrates the possible consequences as of the date the. An examination of prospective financial information aims to issue an opinion on whether the prospective financial information was, or not, properly prepared on the basis of stated assumptions, including a negative assurance statement on which those assumptions provide, or not, a reasonable basis for the preparation of the prospective financial .
The essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. We conduct an engagement to examine prospective financial information and give an opinion that based on examination of the evidence supporting the assumptions, nothing has come to our attention which causes us to believe that these assumptions do not provide a reasonable basis for the forecast. Information for prospective life insurance brokers life broker licenses are issued pursuant to section 2104(b)(1)(a) of the new york insurance law authorizing brokers to solicit the lines of life, variable annuities and accident & health on behalf of insureds.
Prospective financial information can include financial statements or one or more elements of financial statements and may be prepared: (a) as an internal management tool, for example, to assist in evaluating. Examination on prospective financial information this includes examine and report on financial information based on assumptions about events that may occur in the future and possible actions by an entity. Prospective financial information 1557 at-csection305 prospective financial information 30 in an examination of prospective information,the written represen-.
View test prep - 3400 the examination of prospective financial information from audtheory 502 at university of san carlos - main campus the examination of prospective financial. Additional assurance services: other information the attestation standards prohibit the examination of prospective financial statements. Type of prospective financial statement for which an examination report can have general distribution forecast two types of prospective financial statements . Examination of prospective financial information, or compilation of a financial statement if the compilation report does not disclose a lack of independence between the client and the licensee.
Does not apply to the examination of prospective financial information expressed in general or narrative terms, such as that found in management’s discussion and analysis in an entity’s annual report, though many of the procedures outlined herein may be suitable for such an. International standard on assurance engagements 3400 (previously isa 810) the examination of prospective financial information (this standard is effective). Psae 3400: the examination of prospective financial information christian lloyd cavada augusto seat#: 4-2 ac516 (7:30-10:30am mw) introduction the purpose of this philippine standard on auditing (psa) is to establish standards and provide guidance on engagements to examine and report on prospective financial information including examination procedures for best estimate and hypothetical . An examination of a financial forecast is a professional service that involves: are presentations of prospective financial information which would not ordinarily .
Examination of prospective financial information expressed in general or narrative terms, such as that found in management’s discussion and analysis in an entity’s annual report, though many of the procedures outlined herein may be. Auditing and assurance standard (aas) 35, the examination of prospective financial information the following is the text of the auditing and assurance standard (aas) 35, the examination of prospective financial information, issued by the council of the institute of chartered accountants of india. Audit mc module a study play an examination of prospective financial information c an examination of forecasted financial information d none of the above c.
• obtain and read available prospective financial information inquire of management as to the procedures used to prepare such information consider whether information came to the practitioner's attention that causes him or her to believe that the underlying information, determinations, estimates, and assumptions do not provide a reasonable . Recommend the procedures that should be performed in order to examine and report on the forecast financial statements of hawk co for the year to 31 may 2013 (13 marks) reveal answer. The examination of prospective financial information contents of prospective financial informationâ€ should be read in the contex t of the â€œpreface to the international standards on quality control, auditing, review, other assurance and related services,â€ which sets out the application and.