Application of the independence rules to affiliates of employee benefit plans - Frequently asked questions (FAQs)

These frequently asked questions were developed to assist practitioners in understanding how the definitions and guidance provided in the AICPA’s independence rules related to affiliates of attest clients apply to employee benefit plans subject to the Employee Retirement Income Security Act (ERISA). They provide guidance on which entities should be considered an affiliate of an employee benefit plan subject to ERISA and, therefore, subject to the same independence provisions of the AICPA Code of Professional Conduct applicable to the plan