Sharks $($Pty$)$ Ltd $($Sharks$)$ is a company with a public interest score of $310$ points. The financial statements of Sharks are compiled externally. The directors of Sharks have asked GSN Inc to conduct an independent review of the financial statements. The directors have also indicated that source documents such as invoices and contracts are not available as they were destroyed in a fire during the year.

State whether the following statement is true or false.

GSN can accept Sharks as an independent review client because the primary focus of an independent review is on analytical procedures and inquiries.

Select one:

True

False