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Your audit client, Ben's Auto Dealership, offers you and other members of your firm a deep discount on vehicles remaining on their lot at year-end.
- Your audit client, Ben's Auto Dealership, offers you and other members of your firm a deep discount on vehicles remaining on their lot at year-end. These discounts are not available to anyone else. Fresh out of college, your car is old and unreliable and you are tempted to purchase one of these cars. Personally, you do not believe purchasing the car would have any effect on your objectivity.
- If you take the discount, have you compromised your independence? Why or why not?
- Would you feel differently if the discount you received was equal to that available to all other customers (i.e., the general public)? Would that be acceptable? Why or why not?
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