According to the SSARS, a nonissuer is which of the following? A. An entity that is not associated with a product purchased by the general public. B. An entity that is not defined as an issuer under the Securities Exchange Act of 1934. C. An entity that issues stock to institutional investors rather than to the general public D. An entity whose securities are only traded locally or regionally and not on a national basis. An accountant may compile financial statements that omit substantially all disclosures required by GAAP provided the omission is clearly indicated in the accountant's report and which of the following? A. The client is not having going concern problems. B. The omission does not eliminate all the footnote disclosures. The omission is not, to the accountant's knowledge, undertaken with the intention of c. misleading financial statement users. D. There are no material uncertainties in the entity's financial structure. When a special purpose framework is used to present financial statements, the statements do not purport to present financial position and results of operations in accordance with GAAP. Thus, these statements should not do which of the following? A. Be captioned or otherwise referred to as balance sheet income statement, or similar designation, as these are GAAP terms. B. Be presented in a financial statement format as GAAP statements are presented. C. Include a note explaining the basis of accounting and how it differs from GAAP. D. Include notes and other disclosures as required by GAAP. Which of the following is an appropriate reason for performing fewer inquiry and analytical procedures in one review engagement than in another?