Which of the Following Statements Is FALSE When a Public

Which of the following statements is FALSE when a public accountant (PA) has an investment in a non-client investor?

A) This investment may be a direct or material indirect financial interest that will diminish independence with respect to a client investee.
B) Independence is not impaired, as long as the PA does not have significant influence over the actions or financial statements of the non-client investor.
C) Independence is impaired when the PA's investment gives him or her significant influence over the actions of the non-client investor, which might in turn influence the client investee.
D) The independence of the PA is always impaired when a PA has an investment in a non-client investor because it puts him or her in a position similar to that of a member of management of the client investee.