When an Accountant Compiles a Nonpublic Entity's Financial Statements That

Multiple Choice

When an accountant compiles a nonpublic entity's financial statements that omit substantially all disclosures required by generally accepted accounting principles, the accountant should indicate in the compilation report that the financial statements are:

A) restricted for internal use only by the entity's management.
B) not to be given to financial institutions for the purpose of obtaining credit.
C) compiled in conformity with a comprehensive basis of accounting other than generally accepted accounting principles.
D) not designed for those who are uninformed about the omitted disclosures.