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Financial forecasts in the annual reports

Question: Forecasts

Recent proposals by investors and others have suggested that corporations include financial forecasts in their annual reports. It further has been suggested that the CPA attest to those forecasts.

Instructions:

(a) What arguments are advanced to support the publication of such forecasts?

(b) What arguments are advanced that oppose the publication of such forecasts?

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Accounting Basics: Financial forecasts in the annual reports

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Solution Preview :

Prepared by a verified Expert

Accounting Basics: Financial forecasts in the annual reports

Reference No:- TGS01738584

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Capitalization of interests costs

Q : Dropping or retaining flights

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Q : What is the penalty for overvaluation

Q : Financial forecasts in the annual reports

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Solution Preview :

Prepared by a verified Expert

Accounting Basics: Financial forecasts in the annual reports

Reference No:- TGS01738584

Recent Questions Asked Accounting Basics

Q : Capitalization of interests costs

Q : Dropping or retaining flights

Q : Credited accounts receivable

Q : What is the penalty for overvaluation

Q : Financial forecasts in the annual reports

Q : Discuss income tax deductions

Q : Accounting problems related to interim reports

Q : Analysis of the eoq at the neighborhood pharmacy

Q : Chi-square test of fixed proportions

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