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Bob Martino has a home mortgage on his primary home with ABC Co., a local credit union. Which circumstance would allow him to work on

Bob Martino has a home mortgage on his primary home with ABC Co., a local credit union. Which circumstance would allow him to work on the firm's audit of ABC?

  • He will charge less than 20 hours to the credit union's audit.
  • His loan meets conditions in the SEC rule.
  • He is not the lead engagement partner or manager on the account.

O His loan is not material to his net worth.

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