For covered members, the prohibition against a direct financial interest under Rule 101 is absolute.

Name: For covered members, the prohibition against a direct financial interest under Rule 101 is absolute.
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Rule 101 of the AICPA Code of Professional Conduct prohibits covered members from having a direct financial interest in an audit client, regardless of the size of the interest, to maintain independence.

For Covered Members, the Prohibition Against a Direct Financial Interest