CPAs Who Are Full-Time Employees of a Corporation and Focus

question 27

Multiple Choice

CPAs who are full-time employees of a corporation and focus on the preparation of earnings forecasts and projections invariably learn confidential information about their employer's future prospects.Is such an employee subject to the duty of confidentiality?

• A) Yes, if the employment agreement between the employer and employee establish the duty of confidentiality
• B) Yes, but they would not be subject to this duty if they performed their services as part-time employees
• C) No, because employees in key financial oversight roles are not subject to the duty of confidentiality
• D) Yes, because all CPAs are subject to the duty of confidentiality

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Definitions:

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