Question about Prospective Financial Information- why no reviews allowed?

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    Topic
  • December 1, 2012 at 9:22 pm #175050
    Anonymous
    Inactive

    Why is it when a third party use of prospective financial statements is expected, an accountant may not accept an engagement to do a review?

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  • December 1, 2012 at 10:52 pm #385220
    Tori
    Participant

    You can not do a review on prospective financial information because a review is by definition an engagement to review historical financial information. Prospective= future, review= past

    BEC:76
    AUD:77 (expired), 73, REMATCH 5/19/14, PENDING SCORE RELEASE.
    REG:71,68,59,75
    FAR:62, 59, 62, 78

    December 1, 2012 at 10:52 pm #385221
    Tori
    Participant

    BEC:76
    AUD:77 (expired), 73, REMATCH 5/19/14, PENDING SCORE RELEASE.
    REG:71,68,59,75
    FAR:62, 59, 62, 78

    December 3, 2012 at 3:17 pm #385222
    Anonymous
    Inactive

    Thanks Tori!

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