Is the following impaired or not impaired?
Susan is on the engagement team for audit of Skiddleywinks. Susan has significant investment in Poppers, Inc. and during the audit, Susan discovered that Skiddleywinks had an immaterial investment in Poppers.
Impaired ---- Independence is impaired if a covered member has certain financial interest in non clients having investor or investee relationships with the client. If a covered member has a material financial interest and a client investor has an immaterial investment in the same non-client investee, independence in impaired.