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| An accountant has been engaged to compile the financial statements of a nonpublic entity. The financial statements contain many departures from GAAP because of inadequacies in the accounting records. The accountant believes that modification of the compilation report is not adequate to indicate the deficiencies. Under these circumstances, the accountant should A. Inform management that the engagement can proceed only if distribution of the accountant’s report is restricted to internal use. B. Quantify the effects of the departures from GAAP and describe the departures from GAAP in a special report. C. Obtain written representations from management that the financial statements will not be used to obtain credit from financial institutions. D. Withdraw from the engagement and provide no further service concerning these financial statements. |