The confidentiality rules in the AICPA's code of ethics for CPAs prohibits accountants

Question

Quizplus · Accepted Answer

The AICPA's code of ethics for CPAs prohibits accountants from voluntarily disclosing information obtained in an accountant-client relationship without the client's consent. This is to protect the client's confidentiality and privacy.

Choice (A) is incorrect because accountants may be required to testify in a court of law if subpoenaed, although they must still maintain confidentiality to the extent possible.

Choice (B) is incorrect because accountants are allowed to communicate with successor auditors as long as they obtain the client's consent and follow the proper procedures.

Choice (C) is incorrect because accountants are allowed to obtain legal counsel prior to disclosing information, as long as they follow the proper procedures for obtaining and using that information.

The Confidentiality Rules in the AICPA's Code of Ethics for CPAs