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Select from the option list provided whether independence is impaired. Each choice may be used once, more than once, or not at all.

StatementAnswer$1.$ A member and a client bank serve in a co$-$fiduciary capacity for an estate having immaterial assets.

$2.$ A client financial institution services a member loan.

$3.$ 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.

$8.$ The member monitors a client's internal controls on an ongoing basis.

$9.$ 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.

$12.$ Inclusion of a clause in an engagement letter providing for member indemnification by the client.