A CPA has been asked by an engaged couple to help them budget the amount that they can afford to spend on their upcoming wedding.Both the groom and the bride approached the CPA together and met with him together.The CPA has no prior relationship with either of these individuals.The groom and the bride each have agreed to pay one-half of the CPA's fees.The CPA:
A) Currently does not have an accountant-client conflict of interest, but must be alert to the possibility that one will arise
B) Currently does not have a dual-client conflict of interest, but must be alert to the possibility that one will arise
C) Currently has a conflict of interest and should not accept this professional engagement
D) Currently has a conflict of interest, and should agree to render professional services to this couple only if they give their specific consent to waive this conflict of interest

Question

Quizplus · Accepted Answer

Currently, the CPA does not have a dual-client conflict of interest as both the groom and the bride have approached the CPA together and agreed to pay for the fees. However, the CPA must remain alert to the possibility that a conflict of interest may arise, especially if the wedding budget becomes a contentious issue between the couple. In such a scenario, the CPA must disclose the conflict of interest and obtain the couple's specific consent to continue with the engagement.

A CPA Has Been Asked by an Engaged Couple to Help