Where a conflict of interest arises for an accountant so that safeguarding the interest of one client may cause harm to another client,it is generally accepted that rules of professional ethical conduct require that:

Question

Quizplus · Accepted Answer

When a conflict of interest arises, the accountant should not continue to advise both clients as it would be difficult to maintain objectivity and fulfill their duty to both clients. They should prioritize the client whose interest may be harmed and discontinue advising the other client. This approach ensures that the accountant can act in the best interest of each client without any conflict. Thus, option A is the best choice.

Where a Conflict of Interest Arises for an Accountant So