NOTE: Unsolicited Financial Interests

Unsolicited Financial Interests - If covered members receive or learn they will receive an unsolicited financial interest in an attest client (perhaps through gift or inheritance) that is either a direct interest or a material indirect interest, independence will not be impaired if they: 1. Dispose of the interest as soon as practicable but not later than 30 days after having both knowledges of the interest and gaining the right to dispose of it; and 2. Do not participate on the attest engagement team after learning of the interest and before disposing of it. If the covered member does not yet have the right to dispose of the interest (perhaps a relative who wrote a will is still alive), then independence will not be impaired if: 1. The member does not participate on the attest engagement team. 2. The interest is not material to the member.