An accountant and a prospective client are contemplating entering into a professional relationship in which the accountant will provide monthly bookkeeping services and annual tax return preparation services for this client's hair salon.The accountant's teenage daughter told this prospective client that her father is "an amazing accountant," which facilitated the professional introduction.The accountant's daughter works for this prospective client as a receptionist.In all likelihood,the accountant:
A) May not provide services to this prospective client
B) May provide only tax preparation services to this prospective client because a conflict of interest presently exists
C) May provide only bookkeeping services to this prospective client because a conflict of interest presently exists
D) May provide all requested services because a conflict of interest does not currently exist and is not reasonably foreseeable

Question

Quizplus · Accepted Answer

A conflict of interest is a situation where a person's personal interest or bias could influence their ability to provide impartial services. In this case, although the accountant's daughter works for the prospective client, there is no indication that the accountant has a personal interest or bias that would prevent them from providing impartial services. Therefore, there is no conflict of interest currently or reasonably foreseeable, and the accountant may provide all requested services to the hair salon.

An Accountant and a Prospective Client Are Contemplating Entering into a Professional