(d) Discuss the professional accountant’s liability for reporting on prospective financial information and the
measures that the professional accountant might take to reduce that liability. (6 marks)
(d) Discuss the professional accountant’s liability for reporting on prospective financial information and the
measures that the professional accountant might take to reduce that liability. (6 marks)
(d) Professional accountant’s liabilityLiability for reporting on PFIIndependent accountants may be required to report on PFI for many reasons (e.g. to help secure a bank loan). Such forecastsand projections are inherently unreliable. If the forecast or p
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