[Section A] True or False: Under the IFAC code of ethics, the principle of Confidentiality is absolute and an accountant can NEVER disclose client information to a third party under any circumstances.

While confidentiality is a fundamental principle, it is not absolute. Exceptions exist where disclosure is permitted by law and authorized by the client, required by law (e.g., reporting suspected money laundering), or there is a professional duty or right to disclose (e.g., to comply with quality reviews).