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.

a$)$ Explain if this represents a conflict of interest under the TPB Code of

Professional Conduct?

b$)$ How would you deal with this situation to ensure you do not breach the

code?

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

Answer rating: 100% (QA)

a Yes this situation represents a conflict of interest under the Tax Practitioners Board TPB Code of Professional Conduct because you would now be representing both parties in a divorce proceeding whi... View the full answer