If a conflict of interest arises during the course of providing professional services,a professional accountant:
A) Must consider withdrawing from the professional engagement
B) Is required to withdraw from the professional engagement, but does not have to refund fees previously paid by its client
C) Is required to withdraw from the professional engagement and is required to refund fees previously paid by the client
D) Is not required to withdraw from the professional engagement if the conflict of interest did not exist at the inception of the relationship and it was not reasonably foreseeable at that time

Question

Quizplus · Accepted Answer

If a conflict of interest arises during the course of providing professional services, a professional accountant must consider withdrawing from the professional engagement. This is in line with the ethical principle of integrity, which requires professional accountants to be straightforward and honest in all professional and business relationships. If continuing with the engagement would compromise the professional accountant's objectivity, independence or integrity, then they should withdraw from the engagement. However, this does not necessarily mean they have to refund fees previously paid by the client, as the professional services may have already been provided up to that point.

If a Conflict of Interest Arises During the Course of Providing