A client may need projection engagements performed in connection with loan applications. Funding agencies such as United States Department of Agriculture will require a projection in relation to certain loan applications under certain programs that are administered by them. Projection engagements of this nature often include a 5 year projected balance sheet, income statement, statement of cash flows and related footnotes disclosing the signification assumptions used in determining projection amounts. An examination opinion or compilation report is often provided depending on the size of the loan. We also work with other financial institutions to provide projection reports for clients’ commercial loan applications as required by the financial institution.
