Question: Which of the following is a correct statement regarding reporting on reviewed financial statements for a nonissuer? A. An accountant who is not independent is

Which of the following is a correct statement regarding reporting on reviewed financial statements for a nonissuer?

A. An accountant who is not independent is allowed to issue a review report as long as the accountant discloses the lack of independence in the review report.

B. The date of the accountant's review report should be the day the accountant discusses the draft report with management.

C. Reviewed financial statements must be prepared in accordance with generally accepted accounting principles.

D. An accountant is allowed to issue a review report on the balance sheet only and not on the other related financial statements as long as the scope of inquiry and analytical procedures were not restricted

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