16. Which of the following is for restricted use? Eorecast Yes No Yes d. Which report provides the highest form of assurance? a. b. c. d. 17. Report on an examination Report on a compilation Report on a review Report on agreed-upon procedures 18. An audit of internal control begins with a. The audited financial staterments b. A draft trial balance c. Inquiry of subsequent events d. Management's report on internal control Which assertion is most difficult to attest to with respect to personal f a. Valuation 19. b. Existence c. Completeness d. Rights and obligations 20. A CPA's report on projected financial statements should include a a. describes the limitations on the usefulness of the presentati b. provides an explanation of the differences between an exar c. states that the CPA is responsible for events and circumsta d. claims the assumptions do not provide a reasonable basis Accepting an engagement to examine an entity's financial appropriate if the projection were to be distributed to a. all employees who work for the entity b. all stockholders who request a copy of a prospectus c. a bank with which the entity is negotiating for a loan d. all stock holders of record as of the report date 21