Auditguru Auditguru Frequently Asked Questions(FAQ) Auditguru Auditguru
 Meet Us Here
Yash BanthiaYash Banthia asked 2 weeks ago

1)  There are 2 things projected fst prepared by mgt and report on it prepared by auditor. 
2) Projected fst  prepared by management should include basis, source of estimates, assumptions etc..But do auditor’s report should also include this? If he doesn’t include this then what will happen? 
 

1 Answers
RaviRavi Staff answered 1 week ago

assumptions are like accounting policies used to prepare forecasts
no need to mention it in auditor’s report, this report is governed by SAE 3400 which was in course before

Call Back Request