According to the IFAC Code of Conduct,the determination of whether a professional accountant has,or does not have,a conflict of interest is resolved by:
A) The IFAC Ethics Committee, if the conflict of interest is challenged by the accountant's client
B) Balancing costs to the client and to society against the financial benefits to the CPA
C) Applying the Public Interest Principle
D) By the professional accountant, using professional judgment

Question

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The IFAC Code of Conduct states that the determination of whether a professional accountant has a conflict of interest should be resolved by the professional accountant using professional judgment. This means that it is the responsibility of the accountant to identify and manage any potential conflicts of interest. The Code also provides guidance on factors to consider in assessing whether a conflict of interest exists and how to manage the conflict if one is identified.

According to the IFAC Code of Conduct,the Determination of Whether