D is corrent because the attestation standards state that projections are limited-use prospective financial statements for which a report (compilation or other) should be limited to the responsible party (ordinarily management) and third parties with whom the responsible party is negotiating directly; thus, a financial projection compilation report is ordinarily not appropriate for a statement offering securities to the general public.

A is incorrect because a compilation report on a projection may be issued if its use is limited to such groups.​

B is incorrect because a compilation report on a projection may be issued if its use is limited to such groups.​

C is incorrect because a compilation report on a projection may be issued if its use is limited to such groups​