Question: Robert Moore has a checking account with a local bank. Under SEC independence rules, which condition would allow him to work on his firm's audit

Robert Moore has a checking account with a local bank. Under SEC independence rules, which condition would allow him to work on his 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. The balance in his account does not exceed federally insured limits

.

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

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