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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 fulfil his lor her duties impartially. A conflict of interest exists even if no unethical or improper act results.
[1] In contrast to a spatial community, "a community of interest is defined not by space, but by some common bond (e.g. feeling of attachment) or entity (e.g. farming, church group)". [2] Online communities connect to communities of interest in that often, they develop out of interests in a particular topic. [3]
Conflict of interest (COI) editing involves contributing to Wikipedia about yourself, family, friends, clients, employers, or your financial and other relationships. Any external relationship can trigger a conflict of interest .
For example, a five-year loan of $1,000 with simple interest of 5 percent per year would require $1,250 over the life of the loan ($1,000 principal and $250 in interest).
Articles relating to conflict of interest, situations in which a person or organization is involved in multiple interests, financial or otherwise, and serving one interest could involve working against another.
The publishers' interest in maximizing profit will often conflict with academic interests or ethical standards. In the case of closed-access publications, publishers' desire for high subscription income may conflict with an editorial desire for broader access and readership.
This is an accepted version of this page This is the latest accepted revision, reviewed on 18 December 2024. This article is about the financial term. For other uses, see Interest (disambiguation). Sum paid for the use of money A bank sign in Malawi listing the interest rates for deposit accounts at the institution and the base rate for lending money to its customers In finance and economics ...
[18] He states, "Those who hold and those who are without property have ever formed distinct interests in society." [18] Providing some examples of the distinct interests, Madison identified a landed interest, a manufacturing interest, a mercantile interest, a moneyed interest, and "many lesser interests". [18]