In Which of the Following Circumstances Would a CPA Be

question 23

Multiple Choice

In which of the following circumstances would a CPA be ethically bound to refrain from disclosing any confidential client information?

• A) The CPA is issued a summons enforceable by a court order which orders the CPA to present confidential information.
• B) A major stockholder of a client company seeks accounting information from the CPA after management declined to disclose the requested information.
• C) The confidential client information is made available as part of a quality review of the CPA's practice by a peer review team authorized by the AICPA.
• D) An inquiry by a disciplinary body of a state CPA society requests confidential client information.

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Definitions:

Consignment

The process of providing goods to a third-party retailer who pays the supplier only for the merchandise sold, not for unsold inventory.

Total Gross Pay

The total amount of money earned by an employee before any deductions or taxes are applied.

Commission

A fee paid for services or a percentage of the sales made, typically used as a compensation model in sales and services industries.

Total Gross Pay

The total amount of money earned by an employee before any deductions such as taxes, social security, and retirement contributions.