CPAs must be independent to issue a review report.

Name: CPAs must be independent to issue a review report.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

According to the Generally Accepted Auditing Standards (GAAS), CPAs are required to maintain independence to issue a review report. Independence means the CPA has no financial or other relationships that cause them to lack objectivity and impartiality in their assessment of the financial statements.

CPAs Must Be Independent to Issue a Review Report