A member of the AICPA must safeguard the confidentiality of client information. Which of the following is not a valid reason to disclose information to non-clients?
a. To discuss information relating to inadequate disclosure in an audit report.
b. To comply with a validly issued and enforceable subpoena or summons.
c. To accommodate the review of client audit work papers under AICPA, PCAOB, or State Board of Accountancy authority.
d. To explain to members of the press whether a client is likely to miss payroll in the forthcoming periods.
d
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Last year the Perfection Logistics Company delivered 3.1 million packages and damaged 45,000 deliveries, sent 28,000 to the wrong address, and was late 20,000 times. Assuming no package had more than one error, Perfection's percent perfect order is:
A) 93000 B) 3007000 C) 97% D) 93.7%
A business has strong sales and profits, but its stock price falls anyway because stock prices in general are declining. This is an example of
A) business risk. B) financial risk. C) market risk. D) liquidity risk.