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:

Indirect Approach

A communication strategy where the main point is not presented directly at the beginning but is introduced later in the message.

Refusing Claims

The act of denying or rejecting claims, often in the context of insurance or customer service disputes.

Adjustments

Changes or modifications made to improve a system, process, or document.

Routine Request

A standard or regular request made in a business or professional context, often for information or action.