Indicate whether each of the following statements about a bank statement is true or false.
-The confidentiality rules of the AICPA's code of ethics for CPAs prohibit auditors from seeking legal counsel prior to disclosing information obtained in an accountant-client relationship

Question

Quizplus · Accepted Answer

The statement is not about a bank statement, but about confidentiality rules in the AICPA's code of ethics for CPAs. The statement is false because the rules do not prohibit auditors from seeking legal counsel in such situations.

Indicate Whether Each of the Following Statements About a Bank