Under DOL Interpretive Bulletin 75-9, which of the following would NOT impair an accountant's independence with respect to an employee benefit plan? a. The accountant has a material indirect interest in the plan or plan sponsor. b. The accountant acts as an investment advisor for the plan sponsor. c. The accountant also maintains underlying plan financial records including participant records. d. The accountant is retained or engaged on a professional basis by the plan sponsor.

Respuesta :

According to DOL Interpretive Bulletin 75-9, one thing that would not impair an accountant's independence is d. The accountant is retained or engaged on a professional basis by the plan sponsor.

What does DOL Interpretive Bulletin talk about?

It covers the responsibilities of an accountant to their client in relation to employee benefit plans.

In section 75-9, it is shown that an accountant's independence is not impaired if they are hired on a professional basis by the sponsor of the plan they evaluate.

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