What Types of Information Are Protected by a Professional Accountant's

question 40

Short Answer

What types of information are protected by a professional accountant's duty of confidentiality?

---

Definitions:

Mark-Up

The amount added to the cost price of goods to cover overhead and profit; a percentage over cost.

Impairment Loss

A decrease in the recoverable amount of an asset below its carrying amount, leading to a reduction in the value recorded on the balance sheet.

Carrying Value

The net book value of an asset or liability on a company's balance sheet, calculated as the original cost minus any depreciation, amortization, or impairment costs.

Bond Discount

is the difference between the face value of a bond and its selling price when the bond is sold for less than its face value.