Choice "D" is correct. A compilation of a financial projection report describes the limitations on the usefulness of the projection by including a caveat that the prospective results may not be achieved.Choice "a" is incorrect. A compilation of a financial projection report disclaims any assurance on the projected, not historical, financial statements.Choice "c" is incorrect. No assurance is provided in a compilation of projected financial statements. Choice "b" is incorrect. An examination, not a compilation, of a financial projection evaluates the hypothetical assumptions used to prepare the projection.