Compiled financial statements should be accompanied by a report stating that:

Group of answer choices

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

The accountant does not express an opinion but expresses only limited assurance on the compiled financial statements.

The accountant is not required to perform any procedures to verify the accuracy or completeness of information provided by management.

The accountant has compiled the financial statements in accordance with standards established by the Auditing Standards Board.