Manuel has prepared an accounting report, but before submission, it must be audited by a CPA. Aiko has also prepared an accounting report but only needs peer review before hand$-$off. Which of the following is true?

Manuel has prepared a managerial accounting report while Aiko has compiled a financial accounting report.

Manuel and Aiko have prepared financial accounting reports.

Manuel has prepared a financial accounting report while Aiko has compiled a managerial accounting report.

Manuel and Aiko have prepared managerial accounting reports.