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Bob Martino has a checking account with a local bank. Under SEC independence rules, which condition would allow him to work on the firm's audit

Bob Martino has a checking account with a local bank. Under SEC independence rules, which condition would allow him to work on the firm's audit of the bank?

The amount of money in his account is not material to his net worth.

He charges less than 20 hours to the audit engagement.

He is not the lead engagement partner or manager on the account.

The balance in his account does not exceed federally insured limits.

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