In Which of the Following Circumstances Would a Covered Member

In which of the following circumstances would a covered member be considered independent when performing the audit of the financial statements of a new client for the year ended December 31,20X3?

A) The covered member resigned on January 17,20X3 from the board of directors of the client,prior to accepting the new audit engagement.
B) The covered member continues to hold an immaterial indirect financial interest in the client.
C) The covered member continues to serve as a trustee for the client's pension plan and has the authority to make investment decisions.
D) The covered member's spouse owns an immaterial amount of shares of common stock in the client.

Correct Answer:

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