A professional accountant is auditing client A and providing consulting services to client B. Both clients are in the same industry. If the professional accountant uses specific information from client A's audit to prepare a business plan for client B, he will be violating the following fundamental principle.
A)Integrity
B)Objectivity
C)Professional due care
D)Confidentiality
E)All of the above

Question

Quizplus · Accepted Answer

Using specific information from client A's audit to prepare a business plan for client B violates the principle of confidentiality. Accountants are required to keep client information confidential and not use it for the advantage of another party without proper authority.

A Professional Accountant Is Auditing Client a and Providing Consulting