If a CPA leaves a job in public accounting to commence work as a member of a company's internal accounting staff,this CPA:
A) No longer has to be concerned about conflicts of interest
B) Still has to be concerned about conflicts of interest involving former clients as well as conflicts of interest arising at her new workplace
C) Only has to be concerned about conflicts of interest involving her former clients because industry accountants are not subject to the AICPA's conflict of interest rules
D) Does not have to be concerned about conflicts of interest that may arise between loyalty to her new employer and loyalty to her former employer

Question

Quizplus · Accepted Answer

Even though the CPA has left public accounting, they still have to be aware of conflicts of interest involving their former clients. Additionally, they must be mindful of potential conflicts of interest arising at their new workplace. The AICPA's rules on conflict of interest apply to all members, including those in industry accounting. The CPA may also have to navigate loyalty conflicts between their former and current employers.

If a CPA Leaves a Job in Public Accounting to Commence