When an accountant is not independent,the accountant is precluded from issuing a:

Question

Quizplus · Accepted Answer

When an accountant is not independent, they are precluded from issuing a review report. Reviews require reasonable assurance, which can only be obtained by an independent accountant. However, an accountant may still issue a compilation report, a management advisory report, and a tax planning report, as independence is not required for those services.

When an Accountant Is Not Independent,the Accountant Is Precluded from Issuing