If a Conflict of Interest Arises During the Course of Providing

question 20

Multiple Choice

If a conflict of interest arises during the course of providing professional services,a professional accountant:

• A) Must consider withdrawing from the professional engagement
• B) Is required to withdraw from the professional engagement, but does not have to refund fees previously paid by its client
• C) Is required to withdraw from the professional engagement and is required to refund fees previously paid by the client
• D) Is not required to withdraw from the professional engagement if the conflict of interest did not exist at the inception of the relationship and it was not reasonably foreseeable at that time

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Definitions:

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A diagram or tool used for organizing and displaying complex information, showing various paths and outcomes.

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The act of adding notes or comments to a text or document to provide explanation or commentary.

Underlining

A technique used to emphasize key parts of a text.

Highlighting

Highlighting is the practice of marking important text with bright colors to emphasize key points or to facilitate easy review.