Which of the following is correct regarding pro forma financial information and related practitioner engagements?

• Practitioners may only perform either a compilation or examination of pro forma financial information.

• An example of pro forma financial information is a statement of financial position resulting after an expected successful product launch.

• During an engagement to perform agreed-upon procedures to pro forma financial information, a practitioner must provide a report stating the procedures may not be sufficient for the purpose intended.

• Pro forma financial information is based on historical information.