Your firm has been engaged to conduct an Independent Review in terms of ISRE 2400 of ACCA (Pty) Limited a company which retails a wide range of home entertainment products through its own retail outlets. The financial statements cover the 12-month period ended on 30 June 2011. These financial statements are to be used in negotiations with a company which manufactures television sets. You commenced your review but quickly realized there was a problem with inventory. You found that inventory records were incomplete and that inadequate inventory internal controls existed at most of the retail outlets. When you discussed the problem with Mr. Van Wyk he responded as follows: "We are fully aware of the shortcomings of our inventory system. We estimated inventory at 30 June instead of counting it for precisely this reason. I cannot see that it should be a problem for you as we have not asked you to perform an audit". Provide a list of responses that you will use to comment on Mr. Van Wyk's perception of your responsibilities as an independent reviewer in relation to this engagement