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タグ:Prospective FS ( 1 ) タグの人気記事

Prospective Financial Statements

さっきの問題に引き続いて、もう一問、CPA受験生さんからご質問を頂いております。

【問題2】--------------------------------------------------------------------------
When CPA examines a client's projected financial statements, the CPA's report should

a. Explain the principal differences between historical and projected financial statements.

b. State that the CPA peformed procedures to evaluate management's assumptions.

c. Refer to the CPA's auditor's report on the historical financial statements.

d. Include the CPA's opinion on the client's ability to continue as a going concern.

>自分は「b」と思いますが、nnさんのご見解は如何ですか。
-----------------------------------------------------------------------------

--- う~ん、僕も"b"だと思うんですが。。。

根拠は、下記の実際のExamination Reportです。

以下は、PCAOBのサイト
Standards
Interim Attestation Standards
AT Section 301 の.34より抜粋

---【QUOTE】-------------------------------------------------------------------
Independent Accountant’s Report

We have examined the accompanying forecasted balance sheet, statements of income, retained earnings, and cash flows of XYZ Company as of December 31, 20XX, and for the year then ending. fn 18 XYZ Company’s management is responsible for the forecast. Our responsibility is to express an opinion on the forecast based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included such procedures as we considered necessary to evaluate both the assumptions used by management and the preparation and presentation of the forecast. We believe that our examination provides a reasonable basis for our opinion.

In our opinion, the accompanying forecast is presented in conformity with guidelines for presentation of a forecast established by the American Institute of Certified Public Accountants, and the underlying assumptions provide a reasonable basis for management’s forecast. However, there will usually be differences between the forecasted and actual results, because events and circumstances frequently do not occur as expected, and those differences may be material. We have no responsibility to update this report for events and circumstances occurring after the date of this report.

[Signature]

[Date]
----------------------------------------------------------【UNQUOTE】------

第二段落の、赤色の太字の箇所なんかを見ると、"b"っぽいように思うんですよね。

b. State that the CPA peformed procedures to evaluate management's
assumptions.

じゃあ、ほかの3つの選択肢はというと・・・

a. Explain the principal differences between historical and projected financial statements.
--- これっぽい記述はみあたりませんよね。。。

c. Refer to the CPA's auditor's report on the historical financial statements.
--- 第一段落で「the historical financial statements」そのものには言及していますが、それに関する「the CPA's auditor's report」への言及はありませんよね。引っ掛け問題でしょうか?

d. Include the CPA's opinion on the client's ability to continue as a going concern.
--- going concern については、一般のindependent auditor's reportで、必要に応じて言及するわけですが、ことさら、「projected financial statements」に特有のことではないと思います。 私の知識では、projected financial statements の監査においてgoing concernについての記述をすることがあるのかどうか分かりませんが、一般に、projected financial statements といえば、例えば、あるプロジェクトを推進する場合、当社の財務諸表はどうなるかという予測の財務諸表(projected financial statements) を作って、銀行に融資させるための説得材料として作ったりします。で、銀行側が「社長、これ、ホンマにこんな風になるんでっか?」と、銀行員としてのprofessional skepticismを行使するので、社長さんは「何いうてんねん。ちゃんと、ホレ、監査も受けとるんやで」といえるように、監査を受けるんですね。
でも、監査人はあくまでも、あるprojectionとしてreasonableかどうかだけを監査しているにすぎないので、後になって、旗色が悪くなってから、銀行側に詰められると困るので、最後の段落にこんな文を挿入しているのではないでしょうか?
"However, there will usually be differences between the forecasted and actual results, because events and circumstances frequently do not occur as expected, and those differences may be material.We have no responsibility to update ・・・"

少し脱線しました。上記はFinancial Projectionの使い方のごく1例に過ぎませんが、going concernが特に焦点になるような文脈は、あったとしても、全てのFinancial Projectionがそうかというと、そうではないような気がします。。。

と、上記のように考えて、僕は「b」を選びました。

皆さん、どう思われますか?
[PR]
by nn_77 | 2006-08-27 23:59


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