3 Identify whether the following procedures are relevant to profit forecasts, capital expenditure forecasts or cash forecasts.

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3 Identify whether the following procedures are relevant to profit forecasts, capital expenditure forecasts or cash forecasts.

 Ensure the timings are reasonable

 Projected costs should be verified to estimates and quotations

 Analytical review on income (based on comparable projects)

 Review for reasonableness

 Review for consistency with profit forecast

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