A nonissuer has asked an accountant to compile its financial statements that omit substantially all disclosures required by generally accepted accounting principles (GAAP). The accountant may comply with the entityâs request provided that the .
A. financial statements are compiled in conformity with a comprehensive basis of accounting other than the applicable financial reporting framework..B. financial statements will not be used to obtain credit from a third-party financial institution. C. comission is not employed in order to mislead the users of the financial statements and is properly disclosed in the accountant's report. D. comission is acknowledged in the notes to the financial statements and is consistent with the prior-year's financial statements.