Auditors Should NOT Use Confidential Auditee Information for Personal Gain

question 76

Multiple Choice

Auditors should NOT use confidential auditee information for personal gain:

• A) under any circumstances.
• B) without the permission of the client and the audit engagement partner.
• C) without the permission of the client.
• D) unless requested to do so by the client.

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Definitions:

Business Interruption

An event that causes significant disruption to the normal operations of a business, potentially leading to financial loss.

Tort

A wrongful act or infringement of a right leading to civil legal liability, not arising from a contract.

Umbrella Insurance

A type of extra liability insurance that provides additional coverage beyond the limits of the insured's homeowners, auto, or watercraft insurance policies.

Business Interruption Insurance

A form of insurance that compensates the insured for continuing expenses incurred while the business is not earning income.