An accountant who is engaged to issue a compilation report on one or more specified elements, accounts, or items of a financial statement

A. Must adhere to the compilation performance requirements contained in the Statements on Standards for Attestation Engagements.

B. Should attest whether such compiled elements, accounts, or items of a financial statement are free of material errors.

C. Should not describe the basis on which the accounts are presented if that basis is other than generally accepted accounting principles.

D. Can issue the report for an entity of which the accountant is not independent.