Preview

Aicpa - Spousal Equivalent

Satisfactory Essays
Open Document
Open Document
442 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Aicpa - Spousal Equivalent
The AICPA term “spousal equivalent” seems to be open to interpretation. Left to my own senses, I found in an internet search the Free Dictionary version of what a “spousal equivalent” is. According to the definition, a spousal equivalent is “a person (not necessarily a spouse) with whom you cohabit and share a long-term sexual relationship”. This definition leaves a lot to be desired and can be interpreted and misled in many directions. Just because one cohabitates with someone else (regardless of sexual preference), doesn’t necessarily mean that they are having sex. As Dr. Higgs mentioned in this week’s lecture, even married couples that live together don’t necessarily have sex. In addition, what is a long-term relationship? In my twenties, a long-term relationship could have been six months. Now that I’m older, I think that the same term should be measured in years. It sounds to me that by using this ambiguous definition, the AICPA is covering all bases when it comes to protecting the ET Section 101 rule of independence.

Spousal Equivalent
I doubt that there will ever be a standard accepted definition and as noted by Matthew in his post the AICPA definition is pretty vague. Dictionary.com also has a similar definition to Free Dictionary stating spousal equivalent requires cohabitation and a long-term sexual relationship. If I were a member of PCAOB and I had to define a spousal equivalent I would use similar key words including the cohabitation and relationship, but again, as noted by Matthew there is a need for set parameters regarding specific time frames. A specific defined length of time would be required for individuals to be considered spousal equivalents. Common law marriage came up during several searches regarding spousal equivalent and I would agree that it is probably the closest definition. It lays down specific rules regarding cohabitation and that the couple involved would have to be publicly open about their marriage, regarding spousal

You May Also Find These Documents Helpful

  • Good Essays

    As the case of Garden State Equality vs. Dow unravels into the Supreme Court hearings, there will be an indefinite variety of opinions and disputes of minds. There is room for controversy and disputes will arise. There are miss-interpretations and quotes that government officials and citizens against civil union rights have expressed and demonstrated about same-sex couples and their right to marry. This is an example of an interpretation given to describe differences in marital relationships by one of the Opinions of the Justices to the Senate, 440 Mass. at 1207, it states, “The dissimilitude between the terms “civil marriage” and “civil union” is not innocuous; it is a considered choice of…

    • 575 Words
    • 3 Pages
    Good Essays
  • Good Essays

    ISSUE: State statues definition of “marriage” -limiting it to man & woman. Unconstitutional as it bars equal protection…

    • 1076 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Some of the items protected in the Spousal Impoverishment Protection Program are burial funds, vehicles and the couples home. It's very important to help protect a spouse when the other spouse enters long term care because its prevents the other spouse from losing everything. The at home spouse may fear financial devastation from paying the high cost of nursing home care. Medicaid rules have been created to protect certain income and properties for the at home spouse, without affecting the nursing home…

    • 83 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Same sex partners may not have declared their status, with the consequence that professionals may exclude them from involvement in their partner’s care;…

    • 386 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Prop 8

    • 893 Words
    • 4 Pages

    The planitffs argue that prop 8 violates the equal protection clause of the fourteenth. Proponents argue that heterosexual marriage was an "essiantial institution of society." Both parties did not dispute that the right to marry is fundamental the only difference between the two parties is who is "allowed" to get married and who is not. According to the District Court Ruling on prop 8, California is said to encourage sexual activity to happen within a marriage, basiacally a marriage license to participate in sexual intercourse. California allows almost partnership , but therwith that. Domestic partnerships are distinct from marriages and do not provide the same social meaning as a marriage does. all same sex couples only one option and that is domestic e is one problem…

    • 893 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Domestic Partners have been defined as legal or personal relationship between individuals who live together and share a common domestic life but are not joined in a traditional marriage, a common-law marriage, or a civil union. The phrases domestic partner was first used to describe living arrangements in 1985 according to The American Heritage Book of English Usage.…

    • 2351 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Marriage and civil partnership – denying benefits that would apply for married couples to same sex couples who have entered a civil partnership…

    • 8577 Words
    • 35 Pages
    Better Essays
  • Good Essays

    Nvq Level 2

    • 732 Words
    • 3 Pages

    |2. Understand the nature and characteristics of |Explain what is meant by ‘learning disability’ |…

    • 732 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Doma Unconstitutional

    • 1093 Words
    • 5 Pages

    Synopsis: The article is written by former US President Bill Clinton who in 1996 signed the Defense of Marriage Act which stated that marriage is defined as being between Man and Woman. What this means for gay couples is that they cannot enjoy the benefits that heterosexual couples have such as the ability to file taxes jointly, equal family benefits when it comes to pensions and health care and other federal statuses (Clinton 2013). While same-sex marriage is legal is several states it is not recognized by the Federal Government due to the DOMA. Bill Clinton who originally signed it states that he no longer supports it and says that “DOMA and opposition to marriage equality are vestiges of just such an unfamiliar society” (Clinton 2013). While he was signing DOMA he made sure to make the statement that it should not be taken as an act of discrimination and now 17 years later in 2013 he admits that the law itself is discriminatory and that it should be overturned in court.…

    • 1093 Words
    • 5 Pages
    Good Essays
  • Better Essays

    The purpose of this project is to examine the Consensual Relationship Agreement case study. By…

    • 1328 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    1970s In America

    • 1128 Words
    • 4 Pages

    Based on two cases, that of an unmarried woman from Texas and a married mother of three from Georgia.…

    • 1128 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    O relationship and families, there is a call for access to family as a matter of equality. For instance, doing justice to the changing realities of family life entails recognizing and granting equal rights to non-marital relationships (Polikoff, 2008). Non-marital relationships and households should be incorporated into the family laws. Focusing on obtaining what heterosexuals have for same sex marriages risks leaving behind other households, families and relationships of homosexuals.…

    • 636 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Hockey

    • 1033 Words
    • 5 Pages

    Enlightenment thinkers such as Rousseau, Montesquieu, Locke, and Hobbes had a strong influence on the American government. John Locke was a famous British philosopher; he believed that people are shaped by their experiences. John Locke 's political work he is most famous for is “The Second Treatise of Government”, in which he argues that sovereignty resides in the people and explains the nature of legitimate government in terms of natural rights and the social contract. John Locke seems to have had the largest influence on the American Government and the lives of its citizens.…

    • 1033 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Marriage is an acknowledged sexual and economic union between two or more people. People usually make legal agreements to honour each…

    • 1247 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Marital Rape

    • 4439 Words
    • 18 Pages

    Marital rape, also known as spousal rape and rape in marriage, is non-consensual sex in which the perpetrator is the victim 's spouse. It is a form of partner rape, of domestic violence, and of sexual abuse. It can be equally, or even more, emotionally and physically damaging than rape by a stranger.…

    • 4439 Words
    • 18 Pages
    Powerful Essays

Related Topics