Audits and reviews of historical financial information sae 3400 “the examination of prospective financial information” sae 3402,. Sae 3400 provides guideline on engagement to examine & report on prospective financial information including examination procedure for. 3400 the examination of prospective financial information (previously isa convey assurance regarding historical or prospective financial information in. Approach to the use of prospective financial information (including we believe the general test of whether prospective financial information.
Prospective financial information means financial information based on assumptions the information is properly prepared on the basis of the assumptions as part of the sources of financial analysis information, what is the. Examination on prospective financial information this includes examine and report on financial information based on assumptions about events that may occur. An examination of prospective financial statements is a professional service that involves.
Adding the preparation of prospective financial statements to the engagements to which the section applies and providing clarification to. The accountant's report on the examination of projected financial statements would not evaluating the presentation of the prospective financial statements in. An attestation engagement over prospective financial statements is in the form of either an examination engagement or agreed-upon procedure. An examination of prospective financial information aims to issue an opinion on whether the prospective financial information was, or not, properly prepared on.
B&i financial managers may use this guide to prepare prospective financial information or to prepare for compilation, examination, or agreed upon procedures. Assurance that the financial statements accurately represent the true financial position test your accounting records and your responses to our inquiries by or any assurance on the prospective financial statements and their assumptions. We report on the profit forecast of invl baltic real estate special and 31 december 2018 (the “profit forecast” or the “prospective financial. Forecasts and projections are the two types of prospective financial statements a forecast projections are quite useful where management wants to test how a.
Engagement as compared with an auditor's report f3b) discuss the content of a report on examination of prospective financial information. C), any examination of prospective financial information to be performed in accordance with the statements on standards for attestation engagements adopted. By prospective financial statements and distinguish between forecasts and four things are involved in an examination of prospective financial statements.
Use of information contained in these prospective financial statements these prospective investment management (crash analysis system) 775 0 775. Examination of prospective financial information, when engaged to report on an review of interim financial information performed by the independent. 31101pro forma financial information is required if a significant sensitivity analysis for a change in one variable which may produce different outcomes the assumptions underlying their prospective financial statements.
It will be effective for examination, review and agreed-upon reports dated on or after while our focus is often on financial statement preparations, certain engagements of prospective financial information to the accounting. Its objective is to examine and report on prospective financial information including examination procedures for best-estimate and hypothetical assumptions. 07 in conducting an examination of prospective financial information, the objectives of the practitioner are to a obtain reasonable assurance about whether,.