2016年美國CPA模擬試題：Auditing5

　　If requested to perform a review engagement for a nonissuer in which an accountant has an immaterial direct financial interest, the accountant is：

　　a. Not independent and, therefore, may issue a review report, but may not issue an auditor's opinion.

　　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. Independent because the financial interest is immaterial and, therefore, may issue a review report.

　　答案：B

　　Explanation

　　Choice “b” is correct. An accountant with an immaterial direct financial interest in a client is no longer independent with respect to that client. The accountant is precluded from issuing a review report on the financial statements of an entity with respect to which he is not independent. If the accountant is not independent, he may issue a compilation report provided he complies with the compilation standards.

　　Choice “c” is incorrect. An accountant who is not independent may still be associated with the financial statements； for example, by performing a compilation engagement.

　　Choice “a” is incorrect. The accountant is precluded from issuing a review report on the financial statements of an entity with respect to which he is not independent.

　　Choice “d” is incorrect. An accountant with any direct financial interest in a client （even an immaterial interest） is no longer independent with respect to that client.