Question

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

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. Accepting commissions in a financial planning engagement for a nonaudit client
c. 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
d. Providing tax or personal financial planning services for several members of a family whom the CPA knows to have opposing interests

Answer 1

Only b. Accepting commissions in a financial planning engagement for a nonaudit client.

Step-by-step explanation:

This option is correct only if there is no evidence that this nonaudit client has CPA members interest. The other 3 options show evident connections with current clients or CPA members, which make a potential conflict of interest high probable. To avoid situations stated in options a, c and d is always the best things to do