Due to the Conflict of Interest Rules,a CPA May

question 11

Multiple Choice

Due to the conflict of interest rules,a CPA may:

• A) Not provide professional services to two companies in the same industry
• B) Not provide professional services to two companies who do business with one another
• C) Not provide professional services to two companies who do business with one another if the sales or services are material in amount to one of the parties
• D) Generally provide professional services to two companies who do business with one another, even if the sales or services are material in amount to one or both parties

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Definitions:

Machiavellian Values

A set of principles that prioritize deceit, manipulation, and self-interest as means to gain and maintain power and control.

Internal Locus

This term refers to an individual’s belief that they can control their life events and outcomes, as opposed to external forces being in control.

Organizational Politics

reflects the activities and actions within an organization aimed at improving personal or departmental gain, often at the expense of others or the company overall.

Resource Allocation

The process of distributing available resources among various projects, tasks, departments, or entities within an organization.