Practitioners may issue compilation or review reports based on the terms of the engagement. Those engagements are subject to the Statements on Standards for Accounting and Review Services. For each of the phrases below, select from the option list provided to indicate whether it would be included in a standard practitioner's compilation and/or review report. Each choice may be used once, more than once, or not at all. Phrase Answer 1. . . . applying selected auditing procedures to management's financial data. . . 2. Management is responsible. . . 3. . . . applying analytical procedures to management's financial data. . . 4. . . . procedures provide a reasonable basis for my conclusion. 5. . . . in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA