[YouCanDoIt]

Hello

Can anyone help me understand what is going on with PROSPECTIVE F/S and PRO FORMA F/S

1) I am not understanding the difference between the two
2) How do they fit under SSARS and SSAE

FAR: 76
REG: Currently studying
AUD:
BEC:

[YouCanDoIt]

Never mind, I figured it I think
1)Pro Forma : “as if” statements, if we had done this , then this , which use REVIEW (SSAE) , Examined (SSAE)
2) Prospective: Can be either (a) Projected or (b) Forecast, based on assumptions in future. These can be Examined-express opinion (SSAE) , use Agreed-upon-procedures-list findings (SSAE), Compiled-for proper assembly (SSARS),

FAR: 76
REG: Currently studying
AUD:
BEC:

[CPAGURU]

@YouCanDoIt How did your test go? Taking audit soon just wanted to get an idea of the sims.

[YouCanDoIt]

@CPAGURU , So I didn't feel quite comfortable and ended up moving my test date to Dec. 5th (basically gave myself an extra week). When are you taking yours?

FAR: 76
REG: Currently studying
AUD:
BEC:

[CPAGURU]

@YouCanDoIt I'm taking mine December 6th. Any help you can provide after you take it would be greatly appreciated! Also, good luck I'm sure you'll do great.

[Author]

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