The assurance practitioner uses professional judgement in determining the extent of sufficient appropriate evidence required to support the pro forma adjustments being directly attributable to the event(s) or transaction(s), taking into consideration: the …

Factually Supportable Adjustments (Ref: Para.  14(b)(ii) ,  22(b) ) …

It is also necessary that the pro forma adjustments be factually supportable in order to provide a reliable basis for the pro forma financial information. Factually supportable adjustments are capable of objective determination. Sources of factual support …

Adjustments Consistent with the Entity’s Applicable Financial Reporting Framework and Its Accounting Policies under that Framework (Ref: Para.  11(b)(ii) ,  14(b)(iii) ,  22(c) …

For the pro forma financial information to be meaningful, it is necessary that the pro forma adjustments be consistent with the entity’s applicable financial reporting framework and the accounting policies under that framework. In the context of a …

Consideration of the appropriateness of the entity’s accounting policies may also be necessary in some circumstances. For example, as part of the event(s) or transaction(s), the entity may propose to issue complex financial instruments for the first time. …

Materiality (Ref: Para.  16 ) …

Materiality with regard to whether the pro forma financial information has been compiled, in all material respects, on the basis of the applicable criteria, does not depend on a single quantitative measure. Instead, it depends on the size and nature of …

One or more of the following: (i)               Straightforward or uncomplicated transactions; (ii)              Simple record‑keeping; (iii)            Few lines of business and few products within business lines; (iv)            Few internal controls; …

The risk of the pro forma financial information not being considered compiled, in all material respects, on the basis of the applicable criteria may arise when there is evidence of, for example: Use of an inappropriate source from which to extract the …