The American Institute of Certified Public Accountants

The American Institute of Certified Public Accountants (AICPA) issued the Statement on Standards for Attestation Engagement (SSAE) No. 10 (AT Sec. 301) “Financial Forecasts and Projections”. Visit the AICPA website (www.aicpa.org) and write a report to summarize the auditors’ responsibilities regarding prospective financial statements and the key requirements of the SSAE No. 10. Your report should include the following:

1. Explanation of the uses of the prospective financial statements.
2. Discussion of the auditor’s compilation of the prospective financial statements.
3. Discussion of the auditor’s examination of the prospective financial statements.
4. Discussion of the auditor’s application of agreed-upon procedures to prospective financial statements.