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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Related Book For
ACCA Approved Study Text P7 Advanced Audit And Assurance
ISBN: 9781472744340
1st Edition
Authors: BPP
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