Mr. Van Wyk has just commenced practicing as an independent reviewer in terms of the Companies Act, 2008. He estimates that his income for this first year of operations will be R50,000. A potential review client ACCA (Pty) Limited has approached him to accept the appointment as the Independent Reviewer of ACCA (Pty) Limited . He has estimated that his fee will total R10,000. 

Indicate whether he can accept the appointment and list a number of reasons for the answer