Western Governors University (WGU) ACCT3340 D215 Auditing Practice Exam

In the context of attest engagements, a 'covered member' refers to individuals who are in a position to influence the outcomes of attest decisions, which primarily includes those directly involved in the audit process or those who have a close relationship with the audit client. This designation is crucial for maintaining independence and objectivity within the audit.

Individuals classified as covered members might include partners or managers on the audit team, individuals reviewing the audit work, and those with direct supervision over professionals performing the attest services. This concept is rooted in the idea that any potential conflict of interest or bias must be avoided to uphold the integrity of the audit process. Thus, understanding who qualifies as a covered member is pivotal for ensuring compliance with ethical standards in auditing practices.