IV only Question 23 Swerdlow, a member, is a tax manager with Cheskes \& Memel, CPAs. The firm performs an a publicly traded manufacturing company and will be auditing the financial statements for the ended December 31, 20X4. Swerdlow will be providing at least 50 hours of tax services to t client before and after the December 31, 20X4 year end. Meanwhile, Swerdlow's spouse ir small holding in the audit client's stock on November 2,203 and does not want to dispos stock. Which of the following is TRUE regarding the firm's independence? The firm's independence with respect to the audit client is impaired. Swerdlow's spouse is not a covered member and as such the firm's independence is not impaired. As long as Swerdlow does not do any audit work for the client, independence is not impaired. Since the stock is owned by Swerdlow's spouse, the firm's independence is not impaired