Which of the Following Should You Do to Help Protect

question 50

Multiple Choice

Which of the following should you do to help protect client confidentiality?

• A) Keep all identifiable information about clients off the covers of files.
• B) Never leave a file unattended for even a short time in a publicly accessible location such as a library table or courtroom.
• C) Do not allow outsiders access to firm computer systems or networks.
• D) Use only secure networks or encrypted communications systems for transmission of confidential information.
• E) All of these choices are correct.

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Definitions:

Interim Financial Statements

Financial reports that cover a period shorter than a fiscal year, often quarterly, used to provide timely information on a company's performance.

Financial Reports

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.

Dividends Account

A dividends account is used in accounting to track dividends paid out to shareholders during a specific period; it represents a distribution of a portion of a company's earnings.

Time Period Assumption

An accounting principle that assumes a business's complex and ongoing activities can be divided into specific time periods such as months, quarters, or years for reporting purposes.