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Your firm has been asked to provide assurance on forecasts that will be presented to...

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Finance

Your firm has been asked to provide assurance on forecasts that will be presented to the bank in support of the application for new loan financing. Explain:

(a) FIVE (5) matters that should be considered before accepting the appointment.

(10 marks)

(b) FIVE (5) ways the resulting assurance report would differ from an audit report on

historical financial statements.

(10 marks)

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