An accountant is not permitted to publish a Review report if they are not independent.
A financial statement review is a service that an accountant can use to get a limited assurance that the financial statements of a company don't need to be materially modified in order to comply with the applicable accounting framework (such as GAAP or IFRS).
In order to execute an attest service with honesty, impartiality, and professional skepticism, a member must be in a state of mind known as independence of mind. This mental state free from factors that could impair professional judgment allows the member to perform attest services.
It is equally crucial to guarantee auditor independence and accurate reporting and classification of revenues and costs. The duty to file financial accounts audited by an independent accountant has not been met by the corporation if the auditor's independence is compromised.
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