Current Employment and Subsequent

Question 1

Partners and professional employees may serve as adjunct faculty members at a college that is an attest client so long as the following safeguards are all accurate regarding the faculty member. He or she:

Answer 1

1) Does not hold a key position with the client
2) Is not on the attest engagement team
3) Is not in a position to influence
4) Is on a part-time and non-tenure basis
5) Does not participate in any employee benefit plan sponsored by the school, unless participation is required
6) Does not assume any management responsibilities or set policies

Question 2

Partners and professional employees may lend the prestige of their names to a not-for-profit that is an attest client so long as all of the following safeguards are in place:

Answer 2

1) The position is clearly honorary.
2) The partner or professional employee cannot vote and takes no management role in the organization.
3) All externally circulated materials identify the position as honorary.

Question 3

When an attest team member or person in a position to influence is considering employment with the attest client, independence is impaired unless

Answer 3

the team member:

1) Promptly reports such consideration or offer to an appropriate person in the firm, and
2) Removes him- or herself from the engagement until the offer is rejected or the position is no longer sought.