An accountant's conflict of interest:
A) Always can be waived by a client
B) Never can be waived by a client
C) Sometimes cannot be waived by a client
D) Cannot be waived by the doctrine of implied consent, according to the IFAC Code of Conduct

Question

Quizplus · Accepted Answer

A conflict of interest for an accountant cannot always be waived by a client. There may be occasions where the conflict of interest is so significant that it could adversely affect the accountant's objectivity and independence, and it would not be possible to waive the conflict even if the client agrees to it. Additionally, some professional standards such as the IFAC Code of Conduct do not permit conflicts of interest to be waived through the doctrine of implied consent.

An Accountant's Conflict of Interest