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 nonpublic entity should state that:

A) The accountant is 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 provides no form of assurance on the financial statements.
D) A compilation is greater in scope than a financial statement preparation form of association,but lesser than an audit.