1.Under the ERISA, which of the following would NOT be considered a qualified public accountant as defined by Section 103?

a.

A person who is a certified public accountant, certified by a regulatory authority of a state.

b.

A person who is a licensed public accountant, licensed by a regulatory authority of a state.

c.

A person who is a licensed public accountant, licensed by a regulatory authority of a foreign government.

d.

A person certified by the Secretary of Labor as a qualified public accountant in accordance with regulation published by the Secretary for a person who practices in states where there is no certification or licensing procedure for accountants.

2.Are accountants and accounting firms retained by an employee benefit plan subject to independence requirements of other governmental agencies and accounting industry self-regulatory bodies?

a.

Accountants and accounting firms are subject to independence requirements.

b.

Accountants and accounting firms are not subject to independence requirements.

c.

Accountants and accounting firms may be subject to independence requirements in limited cases.

d.

Accountants and accounting firms are subject to independence requirements only when auditing large plans.

3.Under DOL Interpretive Bulletin 75-9, which of the following would NOT impair an accountant's independence with respect to an employee benefit plan?

a.

The accountant has a material indirect interest in the plan or plan sponsor.

b.

The accountant acts as an investment advisor for the plan sponsor.

c.

The accountant also maintains underlying plan financial records including participant records.

d.

The accountant is retained or engaged on a professional basis by the plan sponsor.