What four things are involved in an examination of prospective financial statements?
1) Issuing an audit report.
2) Performing substantive tests of transactions.
3) Evaluating the preparation of the prospective financial statements.
4) Issuing an examination report.
5) Performing tests of details of balances.
6) Evaluating the presentation of the prospective financial statements for conformity with AICPA presentation guidelines.
7) Evaluating the support underlying assumptions.