Sir what is the meaning of the “basis of establishing points in a range is clearly indicated and the range is not selected in a biased or misleading manner when results shown in the prospective financial information are expressed in terms of a range?

1 answer

Ravi Staff September 26, 2017

sometimes PFI is presented not in absolute number but a range for example
sale 100-110-125 crore
cost of rm 40-45-50 crore
now the way of computing lower / middle / higher points should clearly specified in notes to account, how these range was computed. to avoid misinterpretation or misleading probabilities should also be specified in notes to accounts for below average , average and above average


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