Question: When an accountant is engaged to compile a nonissuers financial statements that omit substantially all disclosures required by GAAP, the accountant should indicate in the

When an accountant is engaged to compile a nonissuer’s financial statements that omit substantially all disclosures required by GAAP, the accountant should indicate in the compilation report that the financial statements are

a. Not designed for those who are uninformed about the omitted disclosures.

b. Prepared in conformity with a comprehensive basis of accounting other than GAAP.

c. Not compiled in accordance with Statements on Standards for Accounting and Review Services.

d. Special-purpose financial statements that are not comparable to those of prior periods.

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