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When a Financial Forecast Fails to Disclose a Significant Assumption

Question 9

Multiple Choice

When a financial forecast fails to disclose a significant assumption used to prepare that forecast,which of the following reports become appropriate?  Qualified  Adverse  A)   Yes  Yes  B)   Yes  No  C)   No  Yes  D)   No  No \begin{array}{lcc}& \text { Qualified } & \text { Adverse } \\\text { A) } & \text { Yes } & \text { Yes } \\\text { B) } & \text { Yes } & \text { No } \\\text { C) } & \text { No } & \text { Yes }\\\text { D) } & \text { No } & \text { No }\end{array}


A) Option A
B) Option B
C) Option C
D) Option D

Correct Answer:

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