12. Code of Conduct Rule 101, cont.

• Engagements are Subject to Independence Rules of Certain Regulatory Bodies.

• The above interpretation requires compliance with independence regulations of authoritative regulatory bodies, such as the Securities and Exchange Commission (SEC), the General Accounting Office (GAO), the Department of Labor (DOL), and State Boards of Accountancy.

• An AICPA member who performs nonattest services for an attest client and is required to be independent of the client under the regulations of the applicable regulatory body.

• Accordingly, failure to comply with the nonattest services provisions contained in the independence rules of the applicable regulatory body that are more restrictive than the provisions of this interpretation would constitute a violation of this interpretation.