Carney & Deb,Accountants,perform a Variety of Tasks for Their Clients-Financial

question 26

Essay

Carney & Deb,Accountants,perform a variety of tasks for their clients-financial statements and tax returns,for example.To accomplish these tasks,Carney & Deb collects their clients' personal and financial information.Carney & Deb can store the personal and financial information of its clients on any electronic device,including a smartphone,a tablet,a flash drive,a laptop,and a copier.When Carney & Deb upgrades its storage media,the information is transferred between devices.Does Carney & Deb have an ethical obligation to its clients with respect to this information If so,what are the ethics in the situation

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Definitions:

Kumquats

Small, oval citrus fruits with sweet edible skin and sour flesh, often eaten whole or used in marmalades and jellies.

Wage Rate

The amount of money paid to an employee by an employer in exchange for work performed, typically expressed per hour, day, or piece produced.

Labor Income

Earnings obtained from work or employment, including wages, salaries, and benefits.

Lump Sum Payment

A single payment made at a particular time, especially one that completes a total amount owed.