If a Nonpublic Company Asks an Accountant to Perform a Review

If a nonpublic company asks an accountant to perform a review engagement, and the accountant has an immaterial direct financial interest in the company, the accountant is:

A) independent because the financial interest is immaterial and, therefore, may issue a review report.
B) not independent and, therefore, may not issue a review report.
C) not independent and, therefore, may not be associated with the financial statements.
D) not independent and, therefore, may issue a review report, but may not issue an auditor's opinion.

Correct Answer:

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