When an Independent Accountant's Report Based on a Review of Interim

Multiple Choice

When an independent accountant's report based on a review of interim financial information is presented in a registration statement, a prospectus should include a statement about the accountant's involvement. This statement should clarify that the:

A) Accountant is not an "expert" within the meaning of the Securities Act of 1933.
B) Accountant's review report is not a "part" of the registration statement within the meaning of the Securities Act of 1933.
C) Accountant performed only limited auditing procedures on the interim financial statements.
D) Accountant's review was performed in accordance with standards established by the American Institute of CPAs.