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
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 impairs independence because your immediate family's investments are treated as if they were yours. The investment does not impair independence because technically, it does not belong to you. The investment impairs independence because your spouse is also considered a covered member. The investment does not impair independence because your spouse keeps it in a separate brokerage account.
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