Jane, a partner in a CPA firm, borrows $100,000 on a secured note from one of the firm's bank audit clients to build a new dormer on her house. The amount of the loan is material to Jane. Jane will not provide any services to the bank and she is unable to influence the engagement. Jane practices in the same office as the lead partner on the bank's audit. Is Jane's independence impaired under the AICPA code?

a) Yes, because Jane borrowed the money from an audit client while she was a covered member.

b) Yes, because the loan is material to Jane's net worth.

c) No, because the note is secured and is related to Jane's primary residence.

d) No, because Jane is not on the attest team or able to influence the engagement.