Conflict of Interest: An Introduction
Federal and state funding agencies have a myriad of compliance requirements for all institutions receiving grant funding. Of these compliance requirements, perhaps none is as daunting to understand as the certifications regarding conflicts of interest. Several potential conflicts of interest may exist:
- Academic Conflict of Interest
- Conflicts of Commitment
- Financial Conflict of Interest
- Organizational Conflicts of Interest
While each type of conflict of interests must be carefully considered before, during, and after the grant submission, award, and management processes, for the purposes of this page, the main type of conflict of interest we will focus on is the Financial Conflict of Interest.
What is a financial conflict of interest?
A number of definitions exist, but the most succinct comes from the latest revision of Title 42 of the Code of Federal Regulations*, which states that a “financial conflict of interest (FCOI) means a significant financial interest that could directly and significantly affect the design, conduct, or reporting of…research.”
Visit the links listed in the right-hand navigation to learn more about financial conflict of interest, including ASU’s policy, a brief tutorial, and other resources provided on external Websites.
*Source: Promoting Objectivity in Research, 42 C.F.R. pt. 50 (2011).