Confidentiality Flashcards Preview

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Flashcards in Confidentiality Deck (5)
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1
Q

Importance

A

Fundamental principle in the codes of ethics; auditor has a duty of confidentiality.

2
Q

Risks

A

Accidental disclosure.

3
Q

Safeguards

A

Physical and electronic security measures.

4
Q

Disclosure

A

Right to disclose: client permission obtained, or to defend the firm.
Duty to disclose: Ordered by a court or regulator.

5
Q

Money Laundering

A

Criminal offence not to report suspicions of money laundering to the NCA.