When engaged to compile the financial statements of a nonissuer, an accountant should possess a level of knowledge of the entity’s accounting principles and practices. this most likely will include obtaining a general understanding of the
a. risk factors relating to misstatements arising from illegal acts. b. design of the entity's internal controls that have been implemented. c. stated qualifications of the entity's accounting personnel. d. internal control awareness of the entity's senior management.

C. Stated qualifications of the entity's accounting personnel

Explanation:

According to my research of the steps that are usually taken when compiling the financial statements of a non-issuer, it can be said that the accountant should know the stated qualifications of the entity's accounting personnel. This is because they should know what the qualification are of the accountant that initially made all the financial statements to see if they actually knew what they were doing.

I hope this answered your question. If you have any more questions feel free to ask away at .