Question: 16. According to the ethical standards for the profession, which of the following would impair the independence of an auditor in providing an audit for

16. According to the ethical standards for the profession, which of the following would impair the independence of an auditor in providing an audit for First State Bank, a nonpublic financial institution?

a. The accountant has an automobile loan with the bank collateralized by the automobile.

b. The accountant has a credit card with the bank with an outstanding balance of $12,000.

c. The accountant has a $20,000 loan at the bank collateralized by a certificate of deposit.

d. The accountant has a demand deposit account of

$25,000 with the bank.

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