IIA-Australia Factsheet - Conflicts of Interest

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Author	IIA-Australia
Date	2022
Topics Explored	Governance
Format	Factsheet
Extract/Description	A conflict of interest is a situation in which an individual has competing interests or loyalties. Conflicts of interest are a significant contributor to fraud and corruption, and should be handled appropriately by every organisation.
Key Points	Competing interests can make it difficult to fulfil duties impartially. It is considered leading practice to implement policies, processes and governance structures to help assure conflict of interest situations are dealt with ethically and within accepted transparency principles.
Relevant Industries	All
Level of Assumed Knowledge	Expert