Conflict of interest is a situation in which an internal auditor who is in a position of trust has a competing professional or personal interest such competing interests can make it difficult to fulfill his or her duties impartially a conflict of interest exists even if no unethical or improper act results. Conflicts of interest can cause an employee to act out of interests that are divergent from those of his or her employer or co workers in workplaces employees want to avoid any behavior or choices that could potentially signal a conflict of interest. A conflict of interest is a situation in which an individual has competing interests or loyalties conflicts of interest involve dual relationships one person in a position in one relationship and a relationship in another situation a conflict of interest can exist in many different situations. From my blogreturnreturna fascinating insight into the world of construction corruption and litigation conflicts with interest by michael ruddy is an eye opening legal thriller about a homeowner suing the homebuilder. A conflict of interest may lead to legal ramifications as well as job loss however if there is a perceived conflict of interest and the person has not yet acted maliciously its possible to
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