ET Section 100 - Independence, Integrity, and Objectivity
100-1 Conceptual Framework for AICPA Independence Standards
Sec.101 – Independence
When performing attest engagement- Consult with the various organization that issues or enforces standards of independence. Ind. requirements or rulings might differ from those of the AICPA.
Independence is impaired when:
1. A cover member had or was committed to acquire any direct or material indirect financial interest.
2. Was a trustee or executor or adm. of a estate committed to acquire any direct or material indirect financial interest in the client and the member can: Make investment decisions
The trust or estate owned or will acquired > 10% of outstanding equity securities or ownership interest.
The value of the trust or estate's holding in the client >10% of the total asset or estate.
Had a joint closely held investment (material )
Had a loan with an individual owning > 10 % of the client's outstanding equity securities or ownership interests.
A partner or professional employee of the firm, his immediate family, or any group of such persons acting together owned >5 % of a client's outstanding equity securities or other ownership interests.
During the period covered by the financial statements or during the period of the professional engagement, a firm, or partner or professional employee of the firm was simultaneously associated with the client as a(n)
1. Director, officer, or employee, or in any capacity equivalent to that of a member of management;
2. Promoter, underwriter, or voting trustee; or
3. Trustee for any pension or profit-sharing trust of the client.
Failing to disassociate from the client prior to becoming a covered member. When the covered member does not participate on the attest engagement team or is not in a position to influence the attest engagement, is not required to liquidate or transfer any vested benefits if such an action is not permitted under the terms of the plan or if a penalty significant to the benefits is imposed upon such liquidation or transfer.
Materiality of a financial interest - the immediate family member and the covered member's interests should be combined.
An individual in a covered member's immediate family may be employed by an attest client in a position other than a key position.
Employee Benefit Plans Other Than Certain Share-Based Arrangements or Nonqualified Deferred Compensation Plans
If permitted employment, an immediate family member of a covered member may participate in a plan that is an attest client or that is sponsored by an attest client, OTHER THAN A CLIENT'S SHARE BASED COMPENSATION ARRANGEMENT OR NON-QUALIFED DEFERRED COMPENSATION PLAN, PROVIDED THAT
1. the plan is offered to all employees in comparable employment positions;
2. the immediate family member does not serve in a position of governance (for example, board of trustees) for the plan; and
3. the immediate family member does not have the ability to supervise or participate in the plan's investment decisions or in the selection of the investment options that will be made available to plan participants.
An immediate family member of a covered member may hold a direct or material indirect financial interest in an attest client through participation in a plan, provided that
1. neither participates on the attest engagement team nor is in a position to influence the attest engagement;
2. such investment is an unavoidable consequence of such participation; and
3. in the event that a plan option to invest in a nonattest client becomes available, the immediate family member selects such option and disposes of any direct or material indirect financial interests in the attest client as soon as practicable but no later than 30 days after such option becomes available

Interpretations Under Rule 101 - Independence
101-1—Interpretation of Rule 101 [Revised]
[101-1]—[Renumbered as interpretation 101-4]
101-2—Employment or Association with Attest Clients [Revised]
101-3—Nonattest Services [Revised]
101-4—Honorary Directorships and Trusteeships of Not-for-Profit Organization [Revised]
101-5—Loans From Financial Institution Clients and Related Terminology [Revised]
101-6—The Effect of Actual or Threatened Litigation on Independence [Revised]
[101-7]—[Deleted]
101-8—Effect on Independence of Financial Interests in Nonclients Having Investor or Investee Relationships With a Covered Member's Client [Revised]
[101-9]—[Deleted]
101-10—The Effect on Independence of Relationships With Entities Included in the Governmental Financial Statements
101-11—Modified Application of Rule 101 for Engagements Performed In Accordance with the Statements on Standards for Attestation Engagements [Revised]
101-12—Independence and Cooperative Arrangements With Clients
101-13—[Deleted]
101-14—The Effect of Alternative Practice Structures on the Applicability of Independence Rules
101-15—Financial Relationships
101-17—Networks and Network Firms
101-18—Application of the Independence Rules to Affiliates
101-19—Permitted Employment With Client Educational Institution
ET Section 102 - Integrity and Objectivity
Rule 102 - Integrity and Objectivity
Interpretations Under Rule 102 - Integrity and Objectivity
102-1—Knowing Misrepresentations in the Preparation of Financial Statements or records [Revised]
102-2—Conflicts of Interest for Members in Public Practice
102-3—Obligations of a Member to His or Her Employer's External Accountant
102-4—Subordination of Judgment by a Member
102-5—Applicability of Rule 102 to Members Performing Educational Services
102-6—Professional Services Involving Client Advocacy
102-7—Conflicts of Interest for Members in Business