[mylifeisover]

I take my test Tuesday and I am just trying to get a good hold of this

1) In the NINJA Notes it says “Covered Member’s immediate family cannot own more than 5% stock” …. so I am assuming that this interest in stock is indirect and it is not material to spouse/dependent networth? I thought any direct interest would impair independence from covered member or immediate family

2) What about Close Relatives investments? I understand that if a close relative works in a “Key Position” than independence is impaired but what if a non-dependent child/sibling/parent owns 10% of stock in a client that a covered member audits, is independence impaired? or what about 2%

I will appreciate any feedback/guidance

[mylifeisover]

BUMP!!!!!!!!!!

[mylifeisover]

I guess no one knows 🙁

[GitRDone2017]

I found the section you are referring too. Page 7 of section VI of Ninja book. Might I suggest going back to page 6 where the paragraph starts talking about independence impairment, if you read the paragraph where it begins, it may make a little more sense. I am not sure what to say about the close relative investments, still drinking first cup of coffee, haha!

"Confidence is going after Moby Dick in a rowboat and taking tartar sauce with you" - Zig Ziglar
Ninja book + Ninja MCQ + Roger
AUD Oct 2016
FAR Nov 2016
BEC ?
REG?

[Author]

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