Which of the following statements should be included in an accountant's standard report based on the compilation of a nonpublic entity's financial statements?

a. A compilation consists principally of inquiries of company personnel and analytical procedures applied to financial data.

b. A compilation is limited to presenting in the form of financial statements information that is the representation of management.

c. A compilation is not designed to detect material modifications that should be made to the financial statements.

d. A compilation is substantially less in scope than an audit in accordance with generally accepted auditing standards.