Which of the following statements concerning a compilation of specific elements, accounts, or items of a financial statement is correct? Question 3 options:

A) The compilation cannot be relied upon to disclose errors, fraud, or illegal acts.

B) The compilation must be performed in conformance with an accounting basis consistent with GAAP

. C) The compilation involves compiling financial statements for different subsidiaries of the company.

D) The accountant performing the compilation must be independent with regard to the client.