When is a practitioner considered to be associated with financial information?

A practitioner is considered to be associated with financial information when they consent to the use of their name or attach a report to it because this signifies a professional link to the information being presented. This association reflects the practitioner’s endorsement of the reliability and accuracy of that financial information. By allowing their name to be used, or by preparing a report, they effectively take on a level of responsibility for the content, indicating that they have either performed procedures or provided professional judgment regarding the information.

The other options do not establish the same level of professional association. While auditing financial information certainly implies a relationship, the mere act of auditing does not necessarily mean the auditor is identified publicly with it unless they explicitly consent to it through the issuance of a report. Holding shares in the entity creates a potential conflict of interest but doesn't inherently associate the practitioner with the financial information presented. Lastly, receiving a fee for services rendered indicates a professional engagement but does not directly imply association unless there is a public recognition of the practitioner's involvement with the financial information.