Which of the Following Statements Is an Element of Confidentiality

question 39

Multiple Choice

Which of the following statements is an element of confidentiality?
i. Accountants must not disclose information acquired in the course of their work.
ii. Accountants must disclose information if there is a professional duty to do so.
iii. Accountants may not use information gained in the course of their work for their own or another's personal advantage.

• A) i
• B) ii
• C) iii
• D) i, ii and iii

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Definitions:

Gasoline

A refined petroleum product used as fuel in internal combustion engines.

Destroy Wealth

Activities or decisions that lead to a decrease in the financial value or assets of an individual, company, or economy.

Labor

The human effort, whether physical or mental, used in the production of goods and services.

Materials

Materials refer to the substances or components used in the manufacturing or production of goods and items.