Choice "A" is correct. The accountant's compilation report should state that the objective of a compilation is to assist management in presenting financial information in the form of financial statements.
Choice "c" is incorrect. A review (not a compilation) consists principally of inquiries of management and analytical procedures applied to financial data.
Choice "d" is incorrect. While a compilation is not designed to detect material misstatements in the financial statements, no mention of this limitation is made in the compilation report.
Choice "b" is incorrect. The review report states that a review is substantially less in scope than an audit in accordance with GAAS.