hypothetical question
if a client buys shares in our accountancy practice, should we cease to act for them due to a conflict of interests?
Replies (8)
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Do you mean act as auditors or in some other capacity?
Audit is obviously a complete non-starter, but I can't see any problem with most other types of work. What type of conflict do you have in mind?
Make your questions clearer
If you have a problem with how people are answering them, maybe you need to make your questions clearer. A single line question is not enough. John has been kind enough to prompt for further information, but this seems to annoy you. Is asking why you think it's an issue really a rude question? Whilst I cannot think of any issues not covered, there may be facts you are aware of that would affect the question. Why are you so unwilling to expand on your concerns? seriously why do people on here seem incapable of answering a question and helping each other out
Manners
I thought John's initial response was very helpful and answered your question.
What I don't understand is why you would be so rude when you've asked for help and received it plenty of times on here.
You don't have to be independent to do accounts and tax returns. So there is no conflict of interest.
I agree with
John up to a point. If you are a member of one of the accountancy bodies I would suggest that you check with them in writing so you don't land yourself in the pooh next time you have a visit.