In which of the following circumstances would a public accountant be bound by ethics to refrain from disclosing any confidential information obtained during the course of a professional engagement?
A)The public accountant is issued a subpoena that orders the public accountant to present confidential information.
B)A major shareholder of a client company seeks accounting information from the public accountant after management declined to disclose the requested information.
C)Confidential client information is made available as part of a practice inspection of the public accountant's practice.
D)An inquiry by a disciplinary body of a provincial institute requests confidential client information.

Question

Quizplus · Accepted Answer

A public accountant is ethically bound to maintain the confidentiality of client information. Disclosing information to a shareholder without management's consent would breach this confidentiality, unless there is a legal or professional obligation to do so. Subpoenas, practice inspections, and inquiries by disciplinary bodies typically represent legal or professional obligations that may require disclosure.

In Which of the Following Circumstances Would a Public Accountant