Question:
Pro Forma, defined
Author: Monique TylerAnswer:
A presentation that shows what the significant effects on historical financial information might have been had a consummated or proposed transaction (or event) occurred at an earlier date.” ** Written Representation - Management's refusal to provide the requested written representations is a scope limitation sufficient to cause the practitioner to withdraw from the examination or review engagement. There is no alternative for obtaining the requested written representations from management for an engagement to examine or review pro forma financial information.**
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