The Accounting Firm of Gray & Co

question 40

Multiple Choice

The accounting firm of Gray & Co.did accounting work for both Regional Bank and Carter Electronics.Without Carter's knowledge or approval,Gray & Co.discussed Carter's financial problems with Regional Bank.Gray & Co.:

• A) breached a legal obligation to keep all client information confidential.
• B) breached a moral, but not a legal, obligation of confidentiality.
• C) did not breach any obligations to its clients.
• D) acted properly because it was protecting its client, Regional Bank, from possibly making an unwise loan to Carter Electronics.

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Definitions:

Piaget's Stage

Refers to one of the developmental phases in Piaget's theory of cognitive development, highlighting key milestones in a child's learning and understanding.

Preoperational

The second stage in Piaget's theory of cognitive development, characterized by symbolic thought and egocentrism, typically occurring from ages 2 to 7.

Male Systemizing Tendency

A theory suggesting that males are, on average, more inclined towards understanding and building systems, as opposed to empathizing.

Autism

A developmental disorder characterized by difficulties with social interaction and communication, and by restricted or repetitive patterns of thought and behavior.