A prospective client called Yavorsky, Nick, and Associates, a full-service accounting firm where you work, to obtain a quote for bookkeeping services. During your phone call, the client told you that he was "cash-poor, but had a rapidly growing business." You sensed that the client would not be willing to pay your firm's comparatively high fees. As a result, you told the client that you would you be willing to perform services for this client from your home during the evening for fees equal to 75% of what your employer would have charged. This new client agreed.
a. Does this pose a conflict of interest?
b. What if you decided to perform services for this client at a reduced rate, with the intention of luring this client into becoming a client of Yavorsky, Nick, and Associates once his business grows. Do you still have a conflict of interest?