Final answer:
CPAs must identify conflicts of interest by considering ethical standards and professional conduct, akin to those set by organizations like the IEEE Computer Society for Technology Professionals.
Step-by-step explanation:
Prior to acceptance of the engagement and throughout the term of the relationship, to identify possible conflicts of interest, the CPA should look at situations that might create threats to compliance with ethical standards and professional conduct. Professional organizations, including those in the fields of science and technology like the IEEE Computer Society, issue codes of ethics that articulate the obligations and standards professionals must abide by.
These codes of ethics are crucial in maintaining public trust and ensuring the integrity of professions. CPAs, like other professionals, must commit to these ethical standards to ensure that their services do not result in harm to clients, the public, or the environment, and do not pose a threat to privacy or the quality of human life.