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9 May, 02:50

When an accountant examines projected financial statements, the accountant's report should include a separate paragraph that:

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  1. 9 May, 06:07
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    Answer:Gives a description of the limitations on the projection's usefulness.

    Explanation: Financial statements are documents that contains the financial status of a given entity, it includes both the previous position, present position and the projections. A financial statements also describes the limitations (possible short comings or factors that are capable of adversely affecting the the positive outcome of the expected projections. A financial statement is not complete until it has captured all the possible positive and projected negative outcomes expected to hinder the full implementation of the Project or activity.
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