which of the following is not an objective of a cpa rsquo s examination of a client 602450

Which of the following is not an objective of a CPA’s examination of a client’s management discussion and analysis (MD&A) prepared pursuant to Securities and Exchange Commission rules and regulations?

1. The historical amounts have been accurately derived, in all material respects, from the entity’s financial statements.
2. The presentation is in conformity with rules and regulations adopted by the Securities and Exchange Commission.
3. The underlying information, determinations, estimates and assumptions of the entity provide a reasonable basis for the disclosures contained herein.
4. The presentation includes the required elements of MD&A.