An Accountant Can Ethically Disclose a Client's Confidential Information If

question 40

Multiple Choice

An accountant can ethically disclose a client's confidential information if the accountant's disclosure is complying with:

• A) the client's request.
• B) Generally Accepted Auditing Standards requirements.
• C) a court order.
• D) All of these.

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Definitions:

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after all expenses are deducted.

DuPont Formula

A method of performance measurement that breaks down return on equity into three component parts.

Investment Turnover

A measure of a company's efficiency in using its invested capital to generate revenues, often calculated as sales divided by the average invested capital.

Invested Assets

Assets that have been contributed or used by investors in the hope of generating future returns, often through interest, dividends, or appreciation in value.