[waqasazaz]

<cite> @05008967 said:</cite>
Analytical procedures normally take place before a year end and so projected draft statements are always required. The difference between forecast and projection as terms are negligible in under one year timeframe.

True, but if u see past exams, Examiner always used, Forecasts instead of Projections and both the terms has different meaning. so well, anyway, i made a point about projections being hypothetical estimates.. Lets see whats gona happen!

[waqasazaz]

<cite> @farooqrafay said:</cite>
Did anyone notice that in Q1 the 2013 statements were projections, and not actual results? I don’t know the impact it could have on the answer

YES!!!
Finally someone here making my point. These were Projections not even forcast. Thats why i did made a point about prohections are Hypothetical Assumptions..( forcasts are Best estimates)

and as far as Q 4 was concerned, yes it was about Fraud and auditors liability. BUT i too touched a lil about subsequent event. though i mostly tried to explain about Fraud.. so lets see

[waqasazaz]

Okay,, wait.. did any one notice that Question no. 1 had Projections of June 2013. Not forecasts, Projections.. any point any one made regarding that?

[waqasazaz]

anything regarding CAAT’s.. type of question can be asked or anything.. PLEASE email me
waqas.azaz@gmail.com

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