A company would normally include a financial projection in its annual report rather than a financial forecast.

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"A company would normally include a financial projection in its annual report rather than a financial forecast." Comment on the validity of this statement.

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Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Question Posted: Oct 27, 2014 05:05 AM

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A company would normally include a financial projection in its annual report rather than a financial forecast.

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The statement is not valid A financial projection presents expected results given one or more hyp...View the full answer

Principles of Auditing and Other Assurance Services

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