You will study the difficult task of forecasting and reporting. Predicting future needs is important in managing a budget and making sure expenditures do not exceed the revenues.In the current economic situation, discuss the following:Explain your answer with examples.

You will study the difficult task of forecasting and reporting. Predicting future needs is important in managing a budget and making sure expenditures do not exceed the revenues.In the current economic situation, discuss the following:Explain your answer with examples. Provide comments on the purpose and use of auditing and your personal opinions on this topic.