In Deciding Whether a Conflict of Interest Exists,the Relevant Standard

Multiple Choice

In deciding whether a conflict of interest exists,the relevant standard to be applied is whether:

A) The CPA subjectively believes that a conflict of interest exists
B) A reasonable observer, with reasonable knowledge of the relevant circumstances, would conclude that a conflict of interest exists
C) In an accountant-client conflict of interest situation, at least one of the clients believes, reasonably or unreasonably, that a conflict of interest exists
D) In a dual-client conflict of interest situation, both of the clients themselves believe, reasonably or unreasonably, that a conflict of interest exists