AUD Prep: What are the two requirements of having a brokerage account of a brokered attest client firm that a covered member must meet to ensure the there is no independent problem?

Question

What are the two requirements of having a brokerage account of a brokered attest client firm that a covered member must meet to ensure the there is no independent problem?

Monique Tyler · Accepted Answer

1. Services are rendered under normal conditions, procedures, and requirements AND
2. Assets in the account are immaterial to his/her net worth

AUD Prep

What are the two requirements of having a brokerage account of a brokered attest client firm that a covered member must meet to ensure the there is no independent problem?

1. Services are rendered under normal conditions, procedures, and requirements AND 2. Assets in the account are immaterial to his/her net worth

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