Independence Impaired or Not Impaired?

T! 1. A member and a client bank serve in a co- fiduciary capacity for an estate having immaterial assets. Impaired Impaired !!! 2. A client financial institution services a member loan. Impaired 9. A predispute agreement with a client to use alternative dispute resolution techniques. 10. Fees for client service rendered more than 1 year before the current year's report date remain unpaid. 11. A member serves as an expert witness for an audit client. Impaired Impaired Impaired Not impaired 12. Inclusion of a clause in an engagement letter providing for member indemnification by the client. Not impaired 3. A member has significant influence over an entity with significant influence over a client. 4. Membership in a client trade association if the member is not in a key position. 5. A covered member owns an immaterial amount of bonds in a client municipal authority. 6. A covered member is a trustee of a client foundation that is the beneficiary of an estate. 7. The member provides advisory services for a client. Impaired Impaired Not impaired 8. The member monitors a client's internal controls on an ongoing basis. Impaired