When Compiling the Financial Statements of a Nonissuer, an Accountant

Multiple Choice

When compiling the financial statements of a nonissuer, an accountant should:

A) Review agreements with financial institutions for restrictions on cash balances.
B) Understand the accounting principles and practices of the entity's industry.
C) Inquire of key personnel concerning related parties and subsequent events.
D) Perform ratio analyses of the financial data of comparable prior periods.