Question 1

Section A

At a highly public TechTalk industry conference, a senior accountant from a consulting firm is having drinks at the hotel bar. He loudly tells a colleague a 'funny story' about how their client, a major smartphone manufacturer, accidentally ordered 10 million defective batteries, a fact not yet known to the public or shareholders. Which fundamental ethical principle has been breached?

Accepted Answer

Identify the action: sharing non-public client information in a public space. This violates the duty to keep client information secret.

Question 2

What mistakes do candidates make on this ACCA question?

Accepted Answer

Thinking that because it was an 'accident' or a 'funny story', it doesn't count. Confidentiality applies to all non-public information acquired during professional duties.

How to approach this question

Full Answer

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