A CPA has to focus on whether a conflict of interest exists:
A) Only at the outset of a professional relationship
B) Only after a professional relationship has commenced
C) Both at the outset of a professional relationship and throughout the conduct of a professional relationship
D) In all professional relationships other than the provision of voluntary services to a charitable, civic, or religious organization

Question

Quizplus · Accepted Answer

A CPA has a responsibility to consider the possibility of conflicts of interest both at the outset of a professional relationship and throughout its duration. This helps to ensure that the CPA provides independent and objective advice without being influenced by any personal interests or biases. While conflicts of interest may be more likely to arise at the outset of a relationship, they can also arise at any point during the engagement. Therefore, it is important for CPAs to remain vigilant throughout the course of their work with clients.

A CPA Has to Focus on Whether a Conflict of Interest