The standard report issued by a CPA after compiling the financial statements of a nonissuer in accordance with Statements on Standirds for Accounting and Review Services $($SSARS$)$ should state that the CPA

A$.$ Is not responsible for disclosing errors, fraud, or illegal acts.

B$.$ Is not aware of any material modifications that should be made to the financial statements for them to conform with GAAP

C$.$ Obtained an understanding of the accounting practices in the client's industry.

D$.$ Has not audited or reviewed the accompanying financial statements.