Scroll down to complete all parts of this task.Select from the option list provided the type of engagement each item describes. Each choice may be used once, more than once, or not at all.

DescriptionType of engagement$1.$ This type of engagement requires an accountant to obtain a sufficient understanding of a company's internal control.

$2.$ This type of engagement consists of an accountant presenting management's information in statement form, including a disclaimer expressing no assurance.

$3.$ This type of engagement requires an accountant to make inquiries and apply analytical procedures but does not provide positive assurance.

$4.$ Expressing an opinion on whether a client's financial statements are presented fairly, in all material respects, in accordance with GAAP, constitutes this type of engagement.

$5.$ This type of engagement occurs when the accountant serves on the client's board of directors and prepares financial statements and a report with a statement that $($s$)$he is not independent.

$6.$ During this type of engagement, an accountant must obtain sufficient evidence from testing management's assertions to express an opinion.

$7.$ The accountant need not be independent and does not present a report for this type of engagement.

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.