HomeworkLib
Question

A CPA would be violating ethic Rule 301 if they discussed the client's confidential information True...

A CPA would be violating ethic Rule 301 if they discussed the client's confidential information

True

False

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

True,  A CPA would be violating ethic Rule 301 if they discussed the client's confidential information. CPAs are not allowed to disclose confidential client information without consent of the client This rule shall not be construed the member (a) to relieve a member of his or her professional obligations under rules 202 and 203, (b) to affect in any way the member's obligation to comply with a validly issued and enforceable subpoena or summons, (c) to prohibit review of a member's professional practice under AICPA or state CPA society authorization, or (d) to preclude a member from initiating a complaint with or responding to any inquiry made by a recognized investigative or disciplinary body.

0 0
Add a comment
Know the answer?
Add Answer to:
A CPA would be violating ethic Rule 301 if they discussed the client's confidential information True...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Identify the circumstances under which a CPA can disclose confidential information without client permission. (Select all...

    Identify the circumstances under which a CPA can disclose confidential information without client permission. (Select all that apply.) A. Response to AICPA Ethics Division. B. An auditor can share confidential information with any other professional firm the client does business dealings with, even if that firm is not engaged in services that require the audit papers C. Obligations related to technical standards. D. An auditor must provide all information (including confidential) to any audit firm that becomes the new auditors...

  • For each situation (1-5), select the most applicable AICPA rule of conduct and F). One or...

    For each situation (1-5), select the most applicable AICPA rule of conduct and F). One or more letters may not be used. ether there is a violation or no violation of the rule (A- A. Independence Rule: no violation B. Independence Rule, violation C. Confidential Client Information Rule; no violation D. Confidential Client Information Rule: violation E. Fees and Other Types of Remuneration Rule, no violation F. Fees and Other Types of Remuneration Rule: violation Jackson, CPA, and one of...

  • In which situations may you disclose confidential client information without violating the AICPA Code of Professional...

    In which situations may you disclose confidential client information without violating the AICPA Code of Professional Conduct? In response to a validly issued and enforceable subpoena. At the request of another client that needs the information to file its tax return. As an example in a seminar given for CPE credit. In a proposal to a potential client. Terry Industries engages Rose & Co., CPAs, to prepare its annual financial statements and tax returns. Before either of these engagements is...

  • Can you answer these questions? Thank you 37. Rule 301 of the AICPA's Code of Professional...

    Can you answer these questions? Thank you 37. Rule 301 of the AICPA's Code of Professional Conduct requires CPAs to maintain the confidentiality of client information. This rule would be violated if a CPA disclosed information without a client's consent as a result of a: a. subpoena or summons. b. peer review. c. complaint filed with the trial board of the Institute. d. request by a client's largest stockholder. 38. risk represents the possibility that the auditor concludes after conducting...

  • A- True or False: (20 pts.) se 1-The AICPA is the only organization that a CPA must answer to involving ethical co...

    A- True or False: (20 pts.) se 1-The AICPA is the only organization that a CPA must answer to involving ethical conduct. 2-Professional Ethics extend beyond moral principles but not above the letter of the law. e 3-Under rule 203, Accounting Principles, the FASB and GASB have been designated as the promulgating bodies for accounting Principles 4-An auditor may not divulge confidential information concerning a client, even if Subpoenaed (citado) to do so in court. 5- Under Rule 101 -Independence,...

  • An auditor may not disclose any confidential client information unless the auditor determines that disclosure is...

    An auditor may not disclose any confidential client information unless the auditor determines that disclosure is in the public interest. A covered member’s independence would be impaired if an immediate family member was employed by the client company in any position. The answer is false, but why?

  • Obtain a copy of the AICPA Code of Professional Conduct from the AICPA website. According to...

    Obtain a copy of the AICPA Code of Professional Conduct from the AICPA website. According to the Code of Professional Conduct, how is the public interest" defined? (Be sure to include a reference to the location in the Code where you found your answer.) Based on the Code of Professional Conduct and the IFAC's Policy Position, who is the "public"? Of those included in the public, to whom do accountants owe their primary duty? Do you believe this definition is...

  • Situation No. 3: AICPA Code of Professional Conduct For cach situation, Identify the most applicable AICPA...

    Situation No. 3: AICPA Code of Professional Conduct For cach situation, Identify the most applicable AICPA rule of conduct and whether there is a violation or no violation of the rule. A. Independence- - No Violation B. Independence--Violation L. Contingent Fees--No Violation J. Contingent Fees-- Violation C. Integrity and Objectivity. -No Violation K. Acts Discreditable-No Violation D. Integrity and Objectivity. Violation L. Acts Discreditable Violation E. Accounting Principle--No Violation F. Accounting Principle--Violation M. Advertising and Solicitation-No Violation N. Advertising and...

  • asap only answers 5. In which of the following instances would independence be considered to be...

    asap only answers 5. In which of the following instances would independence be considered to be impaired? The CPA has been retained as the auditor of a company a. and the CPA lives in the same town as the controller. b. in which the CPA's brother is the controller. c. which owes the CPA audit fees for current year services. The company being audited has just filed a petition for bankruptcy. d. All of the above. 6. The partner of...

  • True and false questions 10) Under Rule 101, Independence, independence is considered to be impaired if...

    True and false questions 10) Under Rule 101, Independence, independence is considered to be impaired if fees remain unpaid for                 professional services provided more than six months before the date of the current year's report.         11) The criteria by which an auditor evaluates the information under audit may vary with the information                    being audited.       12) The criteria used by an external auditor to evaluate published financial statements are known as                                 generally accepted auditing standards.      13) An auditor must...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT