Choice "C" is correct. The accountant must be independent to issue a standard report on an examination of a financial forecast.
Choice "a" is incorrect. A member need not be independent to issue a report on consulting services.
Choice "d" is incorrect. It has been ruled that a member can issue a historic compilation report even though the accountant lacks independence, but the lack of independence must be disclosed.
Choice "b" is incorrect. An accountant can issue compilations even though the accountant is not independent, but the lack of independence must be disclosed.
