Attest engagements

Question 1

Prospective Financial Statements

Answer 1

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

Question 2

Financial Projection

Answer 2

(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