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Conflict of interest

MarieNoelleMarieNoelle Trusted RegularHampshire/Surrey borderModerator, MAAT, AAT Licensed Accountant Posts: 1,431
Hi all,
Just thought I would run this by you.
I have a meeting with a prospective client tomorrow; she was referred to me by another of my client who is in the same trade. Both of them have worked together on some projects and they have a good business relationship. In theory they are competitors so a conflict of interest could arise; however because they are both aware of my professional involvement and the fact that one was referred to me by the other I would think it is safe to accept the engagement.
What safeguards would you put in place to ensure my objectivity is not at risk?
Thanks in advance for your comments.


  • MarieNoelleMarieNoelle Trusted Regular Hampshire/Surrey borderModerator, MAAT, AAT Licensed Accountant Posts: 1,431
    Thanks @mrme89
    I see your point. I am probably overcomplicating things!
  • kelsmickkelsmick AberdeenRegistered Posts: 89
    Im with mrme89, i don't see it as a conflict of interest. At the end of the day you wouldn't be discussing their accounts with one another. I have a few clients of the same industry and so far i've never had any issues of conflict of interest.
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