tip of the Month: Partner with Your Insurance Company.
Position | CAMICO Insurance |
Potential or actual conflicts of interest may affect the way your objectivity or independence is perceived by clients and third parties, now or in the future--even if you are not engaged to do attestation work. Consider the client's perspective as well as those of other stakeholders such as owners, investors, partners, beneficiaries and spouses.
Scenarios that often cause problems include partnership break-ups, failed investments, bankruptcies, trusts, mergers, divorces, family office services or anything else that can create opposing or disappointed factions. Advising two parties to a transaction (e.g., a buy-sell agreement), helping parties resolve a dispute or participating in business...
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