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?

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Definitions:

Reasonable Basis

A standard which requires that claims, especially in law and finance, must have a foundation that is logically sound and justifiable.

Generalities

Statements or ideas that are broad and unspecific, lacking in detailed explanation or specificity.

Exaggerations

Statements that stretch the truth or overstate facts.

Truth in Lending Act

A federal law designed to promote informed use of consumer credit by requiring disclosures about terms and costs.