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The management of Williams Company is considering issuing corporate debentures. To enhance the marketability of the bond issue, management has decided to include a financial forecast in the prospectus. Management has requested that your CPA firm examine the financial forecast to add credibility to the prospective information. Required: a. Explain what is involved in an examination of a financial forecast. b. Discuss the elements of a report on the examination of a financial forecast. (Do not write a report.) .

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