Your audit firm has been called in to examine the financial forecasts of Martin Corp., a multinational commercial building contractor. Toward that end, your firm conducted the following procedures:

- Studied the reliability of the statistical models used to predict the economic environment in the countries in which they operate.

- Evaluated the potential profitability of the projects on which they are now working.

- Passed judgment on the presentation of the forecasts (e.g., compliance with AICPA or international standards).

- Studied their competitive position in their industry.

Using the above information, 

(1) suggest some other procedures they may want to perform 

(2) discuss what kind of assurance your firm would include in the report on the forecast.