An Accountant's Compilation Report on a Financial Forecast Should Include

Multiple Choice

An accountant's compilation report on a financial forecast should include a statement that:

A) The forecast should be read only in conjunction with the audited historical financial statements.
B) The accountant expresses only limited assurance on the forecasted statements and their assumptions.
C) There will usually be differences between the forecasted and actual results.
D) The hypothetical assumptions used in the forecast are reasonable in the circumstances.