12. Conflicts of Interest

12.1  We will inform You if We become aware of any conflict of interest in Our relationship with You or in Our relationship with You and another client, unless We are unable to do so because of Our confidentiality obligations. We have safeguards that can be implemented to protect the interests of different clients if a conflict arises. If conflicts are identified which cannot be managed in a way that protects Your interests, We regret that We will be unable to provide further services and reserve the right to terminate the Agreement on notice to You.

12.2  If there is a conflict of interest that is capable of being addressed successfully by the adoption of suitable safeguards to protect Your interests, We will adopt those safeguards. In resolving the conflict, We will be guided by ICAEW’s Code of Ethics, which can be viewed here, in section 310.

12.3  During and after Our engagement, You agree that We can act for other clients whose interests are or may compete with, or be adverse to, Yours subject, of course, to Our obligations of confidentiality and the safeguards set out in the clause 3 above.

12.4  If conflicting advice, information or instructions are received from different persons that have (or are involved in) the control or management of the legal entity We act for, We will refer the matter back to the directors, officers, proprietors or trustees of the legal entity and will take no further action until the governing body of that legal entity has agreed the action to be taken and then informed Us in writing of the agreement and action required.