Mary $($a tax manager$)$ has been assigned to the audit of MPC$,$ Inc. Jeremy, a close friend of Mary's family for

many years, is the CFO of MPC$.$ Concerned about the appearance of her independence, Mary applies the AICPA

conceptual framework and determines that the threat to her independence is significant and cannot be

mitigated by safeguards. As a result, what is Mary's best course of action?

She should document her assessment of independence, which should include a sworn statement from

Jeremy.

She should not participate in the audit unless she obtains a written waiver from her firm's general counsel.

She should not provide audit services to MPC$.$

She should not participate on the audit engagement because her firm wants her to$.$