QUESTION TWO [12 MARKS] REQUIRED Discuss whether the chartered accountants/registered auditors identified in each of the situations described below have failed to comply or are in danger of failing to comply with the fundamental ethical principles in the SAICA Code of Professional Conduct (2022). (First state the ethical principles/s and then the explanation for each principle.) Note: Any of the given situations may amount to non-compliance with more than one principle. 2.1 John Smith is a registered auditor and the engagement partner on the audit of Letsatsi Safaris Ltd, a large company that owns several wildlife game reserves in South Africa and neighbouring countries. One of the perks of being the audit partner of Letsatsi Safaris Ltd, is that the managing director of the client grants a seven night free stay at a five star all inclusive lodge for four people. John is very excited about this prospect. However, in return, the managing director of the client requires an unqualified audit opinion. 2.2 Atul Jupta, a chartered accountant employed by a state-owned enterprise, appeared before a commission of enquiry into financial irregularities alleged to have occurred under his direction. Atul Jupta denied his involvement but was subsequently proved to have been lying to the enquiry. He then acknowledged he had lied but said he had been instructed to do so by his superiors. 2.3 Henrietta Hanekom, the registered auditor in charge of several audits of the audit firm at which she is employed, is regarded as very competent and hard-working. However, she refuses to have any male members on her audit teams because "all female trainees are more competent and careful and male trainees are only interested in sports and socializing