Confidential client information can be disclosed outside the entity without violating the AICPA Code of Professional Conduct in each of the following situations except when:
A) It is reported to the SEC under Section 10A of the Securities Exchange Act
B) It is to comply with the Private Securities Litigation Reform Act
C) It protects the auditor's accounting for fraud and illegal acts
D) It is allowed for under the Dodd-Frank Financial Reform Act

Question

Quizplus · Accepted Answer

The AICPA Code of Professional Conduct allows for the disclosure of confidential client information without the client's consent in certain specific legal or regulatory situations, such as compliance with laws or regulations, or in response to a valid subpoena. However, protecting the auditor's accounting for fraud and illegal acts is not a valid reason for disclosing confidential information without client consent or a specific legal or regulatory requirement.

Confidential Client Information Can Be Disclosed Outside the Entity Without