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:

Teres Major

A muscle in the upper arm that assists in the rotation and adduction of the shoulder.

Serratus Ventralis

A muscle of the chest that helps in the movement of the scapula and supports respiration.

Ventral Surface

The front or anterior part of the body in humans, or the lower or belly side in animals.

Cephalic

Pertaining to the head or the head end of the body.