Conflicts of interest have always been a concern for public accountants; as the absence of a conflict is essential to maintaining the integrity and objectivity required of all accountants. As the scope of services offered by CPA firms and the business interests of their clients expand, the potential for conflicts between the interests of multiple clients and the CPA firm and its clients grows – increasing both the ethical and legal exposure for accountants.
CPA Mutual has developed the following guidance to assist in identifying, evaluating, mitigating, disclosing and monitoring conflicts of interest.