Been using capium for sometime but found out from a colleague that one of the directors, who is an IT Consultant has recently formed a company to provide Accountancy services. Considering they are holding all our clients' data and as per GDPR people can be contacted for marketing purposes, I am wondering if Capium will eventually try and start providing Accountancy services and start approaching our clients directly. Might be a huge assumption but I just can not see any valid reason why an IT Consultant, who has made an Accountancy software would like to provide Accountancy Services?
Seriously considering not renewing my membership, luckily not all client details were ever loaded on the software but I am just wondering if this is ethically right of them to do? I could have understood if one of the directors was an Accountant but IT Consultant becoming Business Advisor-Accountant?
Should we not have some sort of check and balance?