Which of the Following Statements Regarding Confidentiality Principles Is FALSE

question 28

Multiple Choice

Which of the following statements regarding confidentiality principles is FALSE?

• A)The general principle of confidentiality is that a public accountant (PA)must not disclose any confidential information without the specific consent of the client.
• B)These principles allow a PA to ignore the obligation to comply with a validly issued subpoena or summons.
• C)Members of any professional association involved with professional practice reviews may not disclose any confidential client information that comes to their attention in carrying out those reviews,but neither should it restrict any exchange of information that is necessary for the review.
• D)Confidential information is information that should not be disclosed to outside parties unless demanded by a court or an administrative body with the power to do so.

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Definitions:

Certifies

The act of officially recognizing something as true, accurate, or in compliance with a particular standard.

Draft

A preliminary version of a document, plan, or strategy, subject to revision and refinement.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time.

Unauthorized Signer

An individual who signs a document or agreement without the legal authority or permission to do so.