Accepting an Engagement to Compile a Financial Projection for a Public

Multiple Choice

Accepting an engagement to compile a financial projection for a public company most likely would be inappropriate if the projection were to be distributed to:

A) a bank with which the entity is negotiating for a loan.
B) a labor union with which the entity is negotiating a contract.
C) the principal stockholder, to the exclusion of the other stockholders.
D) all stockholders of record as of the report date.