An accountant's standard report on a compilation of a projection should not include
A) a statement that he or she does not express an opinion on the statements or assumptions.
B) a statement that a compilation of a projection is limited in scope.
C) a disclaimer of responsibility to update the report for events occurring after the report's date.
D) a statement that the accountant expresses only limited assurance that the results may be achieved.

Question

Quizplus · Accepted Answer

A compilation report does not provide any assurance, so the accountant should not express even limited assurance that the results may be achieved.

An Accountant's Standard Report on a Compilation of a Projection