Explain a conflict of interest under the tpb code

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Reference no: EM133320631

Case: As a registered BAS Agent you have been preparing financial statements and lodging BAS documentation for Ken and Julie White for number of years in regards to their Courier business which operates as a partnership. The Whites have recently notified you that they are divorcing but will continue to operate the business. They have requested that you continue to do the bookkeeping work for each of them separately.

Question a) Explain if this represents a conflict of interest under the TPB Code of Professional Conduct?

Question b) How would you deal with this situation to ensure you do not breach the code?

Question c) What are the possible consequences of breaching these ethical guidelines?

Reference no: EM133320631

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