The "Fund of Funds" court decision stands for the proposition that:
A) Auditors inherently have conflicts of interest with their clients
B) Segregating one team of auditors at a CPA firm from another team does not necessarily prevent conflict of interest issues from affecting the firm's ethical obligations
C) The duty of loyalty to one client sometimes has to override the duty of confidentiality owed to a different client
D) The duty of loyalty to a client sometimes has to override the duty of confidentiality owed to that same client

Question

Quizplus · Accepted Answer

The Answer of The "Fund of Funds" court decision stands for the proposition that:
A) Auditors inherently have conflicts of interest with their clients
B) Segregating one team of auditors at a CPA firm from another team does not necessarily prevent conflict of interest issues from affecting the firm's ethical obligations
C) The duty of loyalty to one client sometimes has to override the duty of confidentiality owed to a different client
D) The duty of loyalty to a client sometimes has to override the duty of confidentiality owed to that same client

The "Fund of Funds" Court Decision Stands for the Proposition