Julie Webb, CPA takes out an automobile loan with First National Bank of Wellville (FNBW) while attending the University of Wellville. Julie graduates one year later and is hired as an auditor by Best and Driftwood, LLP. Her first assigned audit engagement is with First National Bank of Wellville, a client of Best and Driftwood. As a new audit assistant, Julie continues to pay her automobile loan payments each month. According to the AICPA, Julie's independence would be considered Select one:

a. not impaired because Julie has an immaterial indirect financial interest in FNBW.

b. impaired because Julie has a direct financial interest in FNBW.

c. not impaired because Julie is permitted to take normal loans from FNBW

d. impaired because Julie has a material indirect financial interest in FNBW.