Compiled financial statements should be accompanies by a report stating that

A. The practitioner (CPA) did not perform any procedures to verify the accuracy or completeness of the information provided by management.

B. A compilation is substantially less in scope than an audit, but is more than a preparation engagement, in accordance with generally accepted auditing standards.

C. The auditor has compiled the financial statements in accordance with standards established by the Auditing Standards Board of the American Institute of CPAs.

D. The accountant only expresses limited assurance on the compiled financial statements.