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CPAS who are full-time employees of a corporation and focus on the preparation of earnings forecasts and projections invariably learn confidential information ab employee subject to the duty of confidentiality? a Yes, but they would not be subject to this duty if they performed their services as part-time employees b Yes, because all CPAS are subject to the duty of confidentiality OC No, because employees in key financial oversight roles are not subject to the duty of confidentiality d Yes, if the employment agreement between the employer and employee establish the duty of confidentiality QUESTION 8 A CPA wishes to mention the names of her most prominent elients on her website. The mere existence of a professional relationship between a CPA and a small bus Never may be disclosed unless the client gives it specific consent ti Generally may be diselosed by a CPA as long as the substance of the communications between them is not disclosed OC Always may be disclosed, but it is advisable to first request the client's permision to aveid jeopardizing the elient's goodwill Od Never may be diselosed due to the duty of confidentiality A CPA wants to understand the ditference between the duty of confidentiality and the accountant elient privilege. She lives in a state in which an accoustant-cliest privilege has been enseted. A key dilferme between the duty of confidentiality and the accountant-client privilege is that: The accountant elient privilege ceases to exist once an accountant-client relationship is terminated by either the elient or the accountant B. The duty of coofidentiality only protects commanications trom disclosure, bun the accountant-client privilege is a legal enactment that applies more broadly to protect obuervatiom, docummta, nd commonications OC The aceountant-client privilege censes to eiat once an accontat-ulient relationlip is terminated by the elient O4 The sccountant-client privilege only protects comnications freem disclosu, buit dhe chity of confidentiality applies more beoadly to protect observations, document, od commnications CPAS who are full-time employees of a corporation and focus on the preparation of earnings forecasts and projections invariably learn confidential information ab employee subject to the duty of confidentiality? a Yes, but they would not be subject to this duty if they performed their services as part-time employees b Yes, because all CPAS are subject to the duty of confidentiality OC No, because employees in key financial oversight roles are not subject to the duty of confidentiality d Yes, if the employment agreement between the employer and employee establish the duty of confidentiality QUESTION 8 A CPA wishes to mention the names of her most prominent elients on her website. The mere existence of a professional relationship between a CPA and a small bus Never may be disclosed unless the client gives it specific consent ti Generally may be diselosed by a CPA as long as the substance of the communications between them is not disclosed OC Always may be disclosed, but it is advisable to first request the client's permision to aveid jeopardizing the elient's goodwill Od Never may be diselosed due to the duty of confidentiality A CPA wants to understand the ditference between the duty of confidentiality and the accountant elient privilege. She lives in a state in which an accoustant-cliest privilege has been enseted. A key dilferme between the duty of confidentiality and the accountant-client privilege is that: The accountant elient privilege ceases to exist once an accountant-client relationship is terminated by either the elient or the accountant B. The duty of coofidentiality only protects commanications trom disclosure, bun the accountant-client privilege is a legal enactment that applies more broadly to protect obuervatiom, docummta, nd commonications OC The aceountant-client privilege censes to eiat once an accontat-ulient relationlip is terminated by the elient O4 The sccountant-client privilege only protects comnications freem disclosu, buit dhe chity of confidentiality applies more beoadly to protect observations, document, od commnications
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Answer rating: 100% (QA)
1 Answer is B Yes because all CPAs are subject to the duty of confidentiality The duty to maintain information confidentiality is a legal as well as a professional obligation With some exceptions the ... View the full answer
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Posted Date:
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