Your spouse invests in Company D, an audit client of your firm, in a brokerage account that
Question:
Your spouse invests in Company D, an audit client of your firm, in a brokerage account that is separate from yours. You are a covered member with respect to Company D. Which statement best describes whether your spouse's investment would or would not impact your independence?
The investment does not impair independence because your spouse keeps it in a separate brokerage account.
The investment does not impair independence because technically, it does not belong to you.
The investment impairs independence because your immediate family's investments are treated as if they were yours.
The investment impairs independence because your spouse is also considered a covered member.
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill