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Carl Monson, the owner of Major Products Manufacturing Company, a small, successful, long$-$time audit client of your firm, has requested you to work with

his company in preparing three$-$year forecasted information for the year ending December $31,2020,$ and two subsequent years. Monson informs you that he

intends to use the forecasts, together with the audited financial statements, to seek additional financing to expand the business. Monson has had little

experience in formal forecast preparation and counts on you to assist him in any way possible. He wants the most supportive opinion possible from your firm

to add to the credibility of the forecast. He informs you that he is willing to do anything necessary to help you prepare the forecast.

Read the requirements.

Requirement d$.$ Discuss, in as specific terms as possible, the nature of the report you will issue with the forecasts, assuming that you are able to properly

complete them.

The report will be a report on a forecast and will include the following components: $($Select all that apply.$)$

A$.$ An identification of the prospective financial Istatements presented.

B$.$ The accountant's opinion that the prospective financial statements are presented in conformity with AICPA presentation guidelines and that the

underlying assumptions provide a reasonable basis for the forecast.

C$.$ A caveat that the prospective results may not be achieved.

D$.$ A statement that the accountant assumes no responsibility to update the report for events and circumstances occurring after the date of the report.

E$.$ A statement that the examination of the prospective financial statements was made in accordance with SSARS and a brief description of the nature

of such examination.

F$.$ A statement that the examination of the prospective financial statements was made in accordance with AICPA standards and a brief description of

the nature of such examination.

G$.$ A statement that the forecasts are in conformity with accounting principles generally accepted in the United States of America.

H$.$ The audit opinion on the forecasts.Give me answer

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