When a CPA leaves her job working as an IRS Revenue Agent to accept a job in the Tax Department of a public accounting firm,she primarily:
A) Has to be concerned about conflicts of interest between her new employer and its competitors
B) Has to be concerned about conflicts of interest between her new employer and other employers whose job offers she rejected
C) Has to be concerned about conflicts of interest arising between one of her clients and her former employer
D) Does not have to be concerned about using information learned at the IRS in assisting new clients because a CPA has a duty to use all of her knowledge to best serve her clients

Question

Quizplus · Accepted Answer

When a CPA leaves a job as an IRS Revenue Agent to join a public accounting firm, she has to be concerned about conflicts of interest arising between one of her clients and her former employer. In her new job, she may come across clients who have previously been audited by the IRS or are currently under audit, which could lead to potential conflicts of interest with her previous employer. As a result, she must ensure that she adheres to ethical standards and does not disclose any confidential information obtained during her previous employment.

When a CPA Leaves Her Job Working as an IRS