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In which of the following aspects does audit differ from compilation or review?
A) An audit gives reasonable level of assurance to the users, whereas a compilation or review does not give any level of assurance to the users.
B) An audit requires an understanding of the entity's internal controls and assessment of fraud risk, whereas a compilation or review does not require such understanding or assessment.
C) An audit requires an auditor or accountant to perform inquiry and analytical procedures, whereas a compilation or review does not require such procedures.
D) An audit is performed to obtain limited assurance that there are no material modifications that should be made to the financial statements, whereas a compilation or review is performed without obtaining any level of assurance.

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^^ Correct. The reason you provided helped the most