An Accountant's Standard Report Issued After Compiling the Financial Statements

Multiple Choice

An accountant's standard report issued after compiling the financial statements of a nonissuer should state that:

A) I am not aware of any material modifications that should be made to the accompanying financial statements.
B) A compilation consists principally of inquiries of company personnel and analytical procedures.
C) A compilation is limited to presenting in the form of financial statements information that is the representation of management.
D) A compilation is substantially less in scope than an audit in accordance with GAAS, the objective of which is the expression of an opinion.