Auditing and Attestation

An estate or trust own the shares of an attest client. A covered member is a trustee. When may independence be impaired?

Direct or indirect: The financial interest of the general partner in the investments of a general or limited partnership.

Actions a covered member should take if, received unsolicited direct or material indirect financial interest, in an attest client.

Types of financial interest in an attest client which impair a covered member’s independence.