Which of the Following Is NOT an Example of a Conflict

question 13

Multiple Choice

Which of the following is NOT an example of a conflict of interest?

• A) Advising two clients at the same time who are competing to acquire the same company when the advice might be relevant to the parties' competitive positions
• B) Advising a client to invest in a business in which, for example, the immediate family member of the CPA has a financial interest in the business
• C) Providing tax or personal financial planning services for several members of a family whom the CPA knows to have opposing interests
• D) Accepting commissions in a financial planning engagement for a nonaudit client

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Definitions:

Chosen Career

The occupation or professional path an individual decides to pursue, often after considerable thought and based on their interests, values, and skills.

Emerging Adulthood

Emerging adulthood is a phase of the life span between adolescence and full-fledged adulthood which encompasses late teens through the twenties, marked by exploration of identity.

Jeffrey Arnett

A psychologist best known for his theory of emerging adulthood, a stage of development occurring from late teens through the twenties.

Self-focus

A psychological state where an individual's attention is concentrated on themselves, their feelings, thoughts, and actions.