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.