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Independence is not a requirement for compilation engagements. In these types of engagements, the accountant is primarily compiling financial statements based on information provided by the client without the need to verify or review the accuracy or completeness of that information. As such, the accountant does not need to be independent of the client, which differentiates compilations from audits and reviews.

During audit engagements and review engagements, the accountant is required to be independent to maintain objectivity and uphold the integrity of the financial statements being presented. Assurance engagements, which include both audits and reviews, also necessitate independence to ensure that the conclusions drawn are unbiased and credible. Therefore, the nature of compilation engagements allows for a closer relationship between the accountant and the client, as verification of the information is not part of the process, thus removing the independence requirement.