Choice "C" is correct. Financial statements compiled by an accountant that are expected to be used by a third party should be accompanied by a report stating that the financial statements have not been audited or reviewed.
Choice "d" is incorrect. There is no discussion of the scope of the accountant's procedures in a compilation report. The appropriate reference to the representation of management is that a compilation is "limited to presenting in the form of financial statements information that is the representation of management."
Choice "a" is incorrect. This statement is part of an audit report, not the accountant's compilation report.
Choice "b" is incorrect. It is a review report, not a compilation report, that states that a review consists principally of inquiries of company personnel and analytical procedures applied to financial data.