Rose, a partner in a CPA firm, borrowed $$200,000$ from one of her firm's audit clients to renovate her vacation home. The amount of the loan is material to her net worth. She works in a different office than the partner who performs the audit. However, she is in a position to influence the engagement. Would this loan impair Rose's independence under the AICPA code?

O No$,$ because the appearance of Rose's independence would remain intact.

O No$,$ because the loan relates to a vacation home.

O Yes, because Rose obtained the loan while she was a covered member

O Yes, because the loan balance is material to Rose's net worth.