Potential conflict of interest arises

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Question

Reflect on how Circular 230 guides practitioners in identifying and managing these conflicts. Pick one of these conflicts, and let's discuss the ethical responsibilities that come into play when a potential conflict of interest arises. How should a practitioner disclose such conflicts to their clients, and what steps should be taken to ensure that their professional judgment remains unbiased? Are there situations where it is impossible to adequately mitigate a conflict of interest, and if so, what is the ethical course of action in such cases?

Reference no: EM133615295

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