The Thirteen Current Interpretations of Rule 101 Are Listed Below

The thirteen current Interpretations of Rule 101 are listed below. Place the following numbers in the spaces provided: $$\begin{array} { l l l } 101 - 1 & 101 - 5 & 101 - 12 \\101 - 2 & 101 - 6 & 101 - 13 \\101 - 3 & 101 - 8 & 101 - 14 \\101 - 4 & 101 - 11 &\end{array}$$
1.Explains circumstances in which independence may be considered to be
impaired as a result of litigation or the expressed intention to commence litigation.
2.Provides guidance on how various alternatives to "traditional structures" effect
independence due to changes in the manner in which CPAs are structuring their practices.
3.Addresses financial interests and business relationships that impair
independence.
4.A member issuing a report on a governmental client's general purpose financial
statements generally must be independent of the client, but independence is not required with respect to a related organization if the client is not financially accountable for the organization and the required disclosure does not include financial information.
5.Provides guidance when a member is asked to serve as an honorary or trustee
for an attest client.
6.Independence will generally be considered to be impaired if, during the period
of a professional engagement or at the time of expressing an opinion, a member's firm had any joint business activity with the client that was material to the CPA's firm or to the client.
7.Provides guidance on independence for engagements that are more limited in
scope than an audit of general purpose financial statements.
8.Explains various ways in which a financial interest in a nonclient that has a
significant influence on a client may impair independence with respect to a client.
9.Outlines important responsibility the client's management must take in order to
preserve independence.
10.Explains some specific exceptions to the general rule concerning the situation in
which a member has a loan to or from the enterprise or any officer, director, or principal stockholder of the enterprise.
11.Addresses circumstances in which the activities of a former partner or
shareholder of an auditing firm would impair the firm's independence.

Correct Answer:

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1.101-6
4.101-10
7.101-11
11.1...

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