A Member of the AICPA Must Safeguard the Confidentiality of Client

question 117

Multiple Choice

A member of the AICPA must safeguard the confidentiality of client information.Which of the following is not a valid reason to disclose information to non-clients?

• A)To discuss information relating to inadequate disclosure in an audit report.
• B)To comply with a validly issued and enforceable subpoena or summons.
• C)To accommodate the review of client audit work papers under AICPA,PCAOB,or State Board of Accountancy authority.
• D)To explain to shareholders the likelihood that the company will not meet its earnings projections.

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Definitions:

Statistic

A numerical value calculated from a sample of data, used to estimate characteristics of the population from which it is drawn.

Critical Value

A threshold value in statistical testing which the test statistic must exceed to reject the null hypothesis.

Population Parameter

A measure that signifies a trait of a whole population, like its average or standard deviation.

Sample Size

The total count of individual samples or observations used in a statistical study, directly impacting the study's conclusions' reliability.