Choice "A" is correct. If the accountant is not independent, he should specifically disclose the lack of independence. Otherwise, independence is implied.
Choice "d" is incorrect. The report accompanying compiled financial statements explicitly states that the financial statements have not been audited.
Choice "b" is incorrect. Inquiry and analytical procedures are not performed in a compilation engagement.
Choice "c" is incorrect. The report accompanying compiled financial statements explicitly states that the accountant provides no assurance on the financial statements.
