I would like the textbook solution to Auditing & Assurance Services 10th edition Chapter 21 problem...

I would like the textbook solution to Auditing & Assurance Services 10th edition Chapter 21 problem 32P please.

There isn't an answer in the textbook solutions. This question has remained unanswered.

Expert Solution

The deficiencies in Currie’s draft report are:

1.The report does not contain the heading "Independent Accountant's Report."

2.The report is not dated.

First paragraph:

1.Management is responsible for the projection.

2. Identify the purpose for which the examination was prepared.

3.Auditor’s responsibility is to express an opinion on the projection based on an examination.

4.Should not state that the examination was made in accordance with AICPA standards.

Second paragraph:

1.The examination was conducted in accordance with "attestation standards established by the AICPA" and that it “included suchprocedures as we considered necessary to evaluate both the assumptions used by management and the preparation and presentation of the projection.”

Third paragraph :

1.Should not contain the opinion.

2. Should state the practitioner’s belief that the examination provides a reasonable basis for his opinion.

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ekkarill92 answered 2 years ago

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