A Member of the AICPA Must Safeguard the Confidentiality of Client

question 26

Multiple Choice

A member of the AICPA must safeguard the confidentiality of client information.Auditors,however,must disclose information to non-clients for the following reasons except to:

• A)discuss information relating to inadequate disclosure in an audit report.
• B)comply with a validly issued and enforceable subpoena or summons.
• C)accommodate the review of client audit workpapers under AICPA,PCAOB,or State Board of Accountancy authority.
• D)explain to members of the press the financial viability of a client.

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Definitions:

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired together; an unconditioned stimulus and a conditioned stimulus.

Fear Response

The physiological and psychological reaction to perceived threats, activating the body's fight or flight response.

Conditioned Stimulus

A stimulus that initially has no effect but, after being paired with an unconditioned stimulus, eventually elicits a conditioned response.

Mirror Neurons

Neurons that fire both when an individual acts and when the individual observes the same action performed by another, thought to be the basis of empathy and understanding others' actions.