Detect and resolve potential conflicts

 Conflicts of interest, whether real or perceived, undermine the hard earned trust that public accounting firms build with their clients and the public. Some conflicts of interest are straightforward - equity ownership in a firm being audited. Others are more nuanced - a partner's cousin sits on the board of an audit client that is served by another partner in the same office. Most audit firms have sets of independence, ethics, and code of conduct policies that speak to expectations. Is this information being disclosed and monitored in a way that creates an "above reproach" culture?

In light of the US SEC Loan rule work, leading audit firms are looking again at conflicts of interests - what is important to track?  The Kingland Platform provides the flexibility for organizations to increase disclosure requirements of partners and staff of non-financial interests. In addition to tracking your partner's and staff's relationships, the capabilities exist to extend the reach of disclosure and monitoring to meet the definition and intent of your policy. By applying rules and cognitive computing, our platform sorts through the large number of disclosures to identify the right individual's potential conflicts, which enable educated decisions to be made to either remove the conflict of interest or establish appropriate safeguards. Typically, the conflict of interest clearance process occurs during client acceptance, but it's important to monitor during the engagements due to changes of relationships as well as client organizational changes.  The Kingland Cognitive suite provides this robust monitoring ability.

Managing conflicts of interest in an ever complex world is difficult. Kingland solutions, backed by our Kingland Platform and years of expertise, can help you manage, control, and safeguard against conflicts that could accidentally erode client and public trust.

Discover more. Let us help with your conflict of interest needs.