Home For accounting professionals General accounting discussion
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚


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.

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.
    www.essencebookkeeping.co.uk
    MarieNoelle
Sign In or Register to comment.