Question 13 (1 point) John Henry is a Certified Public Accountant who works in a firm of external auditors. John audits the financial statements of mainly automobile dealers. John has purchased his cars from the same dealer, XYZ Cars, for 20 years. Because John compiles the financial statements for XYZ cars each year, the management offers him a discount of 20% below the average selling price of the automobile and zero percent financing every time he purchases a car. Recently, XYZ?s banks requested audited financial statements from the dealership instead of statements that were compiled by a CPA. John has agreed to provide the company with audited financial statements because management complies with sound ethical standards and all applicable laws, and he is very familiar with XYZ s operations. Which of the following statements is correct regarding this scenario? By accepting the audit, John will compromise the Integrity principle of ethics for accountants. By accepting the audit, John is likely to compromise his independence and might violate the objectivity principle of ethics for accountants. By accepting the audit, John is demonstrating that he is competent and d will behave in a manner that is consistent with the behavior of most independent auditors. By accepting the audit, John demonstrates that he is a person of strong moral character and will not violate any ethical principles because he is helping a business with a long history of compliance with sound ethical principles and applicable laws