Which of the standards in the code of ethics applies

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Question 1: Anna is a partner in a multi-partner advisory firm, where all of the partners have expertise in different areas. Anna does not have expertise in SMSF but Peter, another partner, does. Anna has a new client - Greg - and he would like to receive advice in relation to SMSF, so Anna refers Greg to Peter who competently advises him.

Question 2: As both Anna and Peter will benefit (through the partnership) in retaining Greg as a client, is there a conflict of interest? Why do you think this is the case? Which of the standards in the Code of Ethics applies here and why?

 

Reference no: EM133368826

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