Report &1 cannot be executed (compound characteristic)

What causes this issue?

Form &V2& was changed for report &V1&. With this an entry or change was
undertaken for a characteristic with a compound characteristic.
However, characteristic &V3&, which was selected in the report, can
always only be interpreted with the value of one or more other
characteristics. In the current situation, determined by the change to
the form, the compound characteristic for the characteristic no longer
exists.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

You should delete report &V1&. If you wish to have a report in the
report portfolio again, which corresponds to the deleted one, you
should transfer it again into the report portfolio.
If this is too much effort, as several reports from the report
portfolio are affected by changes to the database, it is recommended
that you undo the changes.

Error message extract from SAP system. Copyright SAP SE.