A CPA should not express an opinion on the financial statements of a client unless (s)he is independent of the client. Independence is not considered impaired if the auditor

• A.
• Was a trustee with investment decision-making authority of a trust that was committed to acquire a direct financial interest in the client.
• B.
• Has an immaterial indirect interest in the client.
• C.
• Has an unsecured loan acquired from a major shareholder of the client.
• D.
• Has a material, closely held business investment with a vice president of the client.