Which of the Following Is True in When a Conflict

question 21

Multiple Choice

Which of the following is true in when a conflict of interest exists in an engagement?

• A) A potential conflict of interest need not be disclosed if it does not affect the independence of the forensic accountant.
• B) A verbal consent is sufficient to acknowledge the potential conflict and waive any objections related thereto in the presence of a judge.
• C) An engagement in which a potential conflict has been identified can be accepted if the conflict does not impair the objectivity of the forensic accountant to a large extent.
• D) If a potential conflict of interest is identified, it must be fully disclosed to the client before the engagement is accepted.

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Definitions:

Conventional Morality

A stage of moral development where an individual's sense of morality is largely driven by the approval of others, adherence to rules, and maintaining social order.

Overregularization Error

A language development mistake where children apply grammatical rules too broadly, leading to errors.

Private Speech

Self-directed speech that children use to guide their behavior.

Logical Extension

A development or conclusion that naturally follows from the premises or conditions that preceded it.