New Mexico Administrative Code
Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING
Chapter 60 - PUBLIC ACCOUNTANTS
Part 5 - CODE OF PROFESSIONAL CONDUCT
Section 16.60.5.12 - CONFLICT OF INTEREST PROVISIONS
Current through Register Vol. 35, No. 24, December 23, 2024
A. A licensee shall not perform services for a client if the performance of such services will be directly or substantially adverse to another client unless:
B. Divorce proceedings, business dissolutions, and similar transactions are deemed to be directly or substantially adverse to a client.
C. A licensee shall not perform services for a client if the licensee's ability to perform such services may be materially limited by his responsibilities to another client or a third person or by his own interests unless:
D. A licensee shall not enter into a business transaction with a client for services other than public accountancy or knowingly acquire an ownership, security or other pecuniary interest adverse to a client unless:
E. A licensee shall not use information relating to the performance of services for a client to the disadvantage of the client.
F. A licensee who performs services for two or more clients involved in a dispute shall not participate in making an aggregate settlement of the claims of or against the clients unless each client consents in writing after consultation. Consultation shall include disclosure of the existence and nature of all the claims or pleas involved and of the participation of each party involved in the settlement.