In which of the following circumstances would a CPA be bound by ethics to refrain from disclosing any confidential information obtained during the course of a professional engagement?
A)The CPA is issued a summons enforceable by a court order that orders the CPA to present confidential information.
B)A major stockholder of a client company seeks accounting information from the CPA after management declined to disclose the requested information.
C)Confidential client information is requested as part of a quality review of the CPA's practice by a review team authorized by the AICPA.
D)An inquiry by a disciplinary body of a state CPA society requests confidential client information.

Question

Quizplus · Accepted Answer

A CPA is ethically bound to maintain the confidentiality of client information and should not disclose this information to third parties without the client's consent, except for specific, legally permitted or required situations. In option B, disclosing information to a stockholder without management's consent would breach this confidentiality, as it does not fall under any of the exceptions that typically allow for disclosure, such as compliance with a legal order, quality review under AICPA authorization, or a disciplinary inquiry by a state CPA society.

In Which of the Following Circumstances Would a CPA Be