A. Jones, CPA, performed a review service for the Independence Company in 2017. He wants to present comparative financial statements. However, the 2016 statements were compiled by Able and Associates, CPAs, and Able does not want to cooperate with Jones by reissuing the prior-year compilation report. Jones has no indication that any adjustments should be made to either the 2017 or the 2016 statements, which are to be presented with all necessary disclosures. However, he does not have time to perform a review of the 2016 statements. Jones completed his work on January 15, 2018, for the statement dated December 31, 2017.

Required:

Write Jones's review report and include the paragraph describing the report on the 2016 statements. List any assumptions you need to make to write the report?