The Accounting Firm of Gray & Co

question 9

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.In this situation,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:

Vulnerability

A weakness in a system that can be exploited to compromise the system's security or functionality.

Information Resource

An information resource is any source of data and information that can be used for reference or analysis, ranging from databases and journals to informational websites.

Threat

Any potential cause of an unwanted event that may result in harm to a system or organization, encompassing a wide range of possibilities from natural disasters to cyber attacks.

Information Security Controls

Measures implemented to safeguard information by ensuring its confidentiality, integrity, and availability.