Assisting the users to assess the amount,timing and uncertainty associated with an entity's future
Cash flows is a decision common to:
A) the not-for-profit sector
B) auditors
C) standards setters
D) for-profit sector

Question

Quizplus · Accepted Answer

Assessing the amount, timing, and uncertainty associated with an entity's future cash flows is a decision that is common in the for-profit sector, where financial decisions are made based on expected returns and profitability. Not-for-profit organizations and standards setters may have different priorities and may not be as focused on future cash flows. While auditors may assess the reasonableness of estimated cash flows, they are not primarily responsible for making decisions about them.

Assisting the Users to Assess the Amount,timing and Uncertainty Associated