Framework for addressing conflicts of interest

- [Diane] In everyday life, there are conflicts of interest that arise and it's always great to have a framework that kind of just guides the way you think about it in a very objective, logical way, having regard to what other people might think about it. Because as humans, you know, we have our own biases and you think you have the right intent, but when you put yourself in someone else's shoes that's when you realize, oh, what would someone else think? And that's when you realize what the real conflict might be. (soft thoughtful music) - Welcome back. That was Diane Jules, the deputy director of the IAASBA. In this module and the next, we're going to go through a framework of how to address conflicts of interest and then walk through an example to illustrate the process. (upbeat music) So the basic general steps are avoid conflict of interest where possible, recognize a conflict when it arises, evaluate the conflict to…