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Homework answers / question archive / 1) In which of the following situations does conflict of interest does not arise for a member of AICPA in public practice? A
1) In which of the following situations does conflict of interest does not arise for a member of
AICPA in public practice?
A. Preparing valuations of assets for two clients who are in an adversarial position
with respect to the same assets.
B. Advising a client to invest in a business in which the member has an interest.
C. Providing tax services to the client with Audit Committee approval.
D. Providing tax or personal financial planning services to family members with
conflicting interests
18. Impediments to auditors exercising professional skepticism in the audit of a firm's
financial statements include all the following except:
A. Desire to avoid significant conflicts with management
B. Large number of client's products and services
C. Cross-sell other services
D. Inappropriate level of trust or confidence in management
An ethical decision model can be applied either to an individual decision making or
decision making by a commercial enterprise and never to both.
A. True
B. False
