May an Accountant Plan and Perform an Engagement to Compile

Multiple Choice

May an accountant plan and perform an engagement to compile or review the financial statements of a not-for-profit entity if the accountant is unfamiliar with the specialized industry accounting principles?

A) Only a compilation could be performed without the specialized knowledge.
B) Only a review could be performed without the specialized knowledge.
C) Both a compilation and a review could be performed without the specialized knowledge.
D) Neither a compilation nor a review could be performed without the specialized knowledge.