ICAEW SE · Chapter 8 · Question 4 of 18
At a dinner party, an accountant tells friends about the financial difficulties of a well-known local business that is one of her firm's clients. Which fundamental principle has she breached?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Confidentiality
Explanation
Confidentiality requires accountants to respect the confidentiality of information acquired through professional and business relationships. They should be alert to the risk of inadvertent disclosure, including in social settings and to close friends or family. Disclosing a client's financial difficulties without authority is a breach.
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