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Conflict of interest

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Conflict of interest

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 29, 2018 at 4:18 pm #444121
    hemraj123
    Member
    • Topics: 110
    • Replies: 188
    • ☆☆☆

    Sir, If the bank asks an audit firm to perform due diligence or any other assurance service on its client, then why would that be considered as a conflict of interest?

    Thanks.

    March 29, 2018 at 7:01 pm #444123
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    Maybe the audit firm does not want to risk the client’s bank taking adverse action against the client thus putting the client’s future in jeopardy

    So there’s the temptation to be less than truly diligent when carrying out a due diligence exercise

    OK?

    March 29, 2018 at 8:11 pm #444126
    hemraj123
    Member
    • Topics: 110
    • Replies: 188
    • ☆☆☆

    Yes. Thank you so much 🙂

    March 30, 2018 at 6:18 am #444137
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    You’re very welcome

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Conflict of interest’ is closed to new replies.

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