QuestionsCategory: SA-220CA inter mcq no71 what does "prospective financial statement "mean?
Ritika sahuRitika sahu asked 5 years ago
1 Answers
RaviRavi Staff answered 5 years ago

Prospective Financial Statements means estimated financial statements of future period. Projected / Forecasted Financial Statements. 
Audit of such statements is covered by SAE 3400, SAs are not applicable to audit of such financial statements.