Conflicts of Interest in Tax Services Practice Guide

One of the pillars of a tax professional’s responsibilities is to maintain objectivity. To do this, the professional must avoid conflicts of interest. The term "conflict of interest" refers to a situation in which two or more parties have a competing interest that would make it difficult for the professional to fulfill his or her duties fairly. In order to maintain the public trust and promote integrity and objectivity in the delivery of services, a professional should be familiar with