If an Accountant Is Engaged to Compile the Financial Statements

If an accountant is engaged to compile the financial statements of a private entity and the statements are no prepared according to GAAP,which of the following alternatives is correct?

A) If the accountant concludes that the basis used is appropriate for the circumstances and such basis is appropriately disclosed in the statements,no change to the compilation report is made.
B) The report should be amended to state that the financial statements have been prepared in accordance with a comprehensive basis of accounting other than GAAP.
C) The report should be amended to state that the financial statements have not been compiled in accordance with standards for compilation and review engagements.
D) The report should indicate that the statements are special-purpose financial statements that are not comparable to those of prior periods.