ExpertEasy1 markMultiple Choice
ACCA · Question 45 · Professional ethics
True or False: According to the IFAC Code of Ethics, an accountant must never disclose confidential client information, even if ordered to do so by a court of law.
True or False: According to the IFAC Code of Ethics, an accountant must never disclose confidential client information, even if ordered to do so by a court of law.
Answer options:
A.
True
B.
False
How to approach this question
Recall the exceptions to the Confidentiality principle. The law always supersedes the professional code.
Full Answer
B.False✓ Correct
The principle of Confidentiality has exceptions. An accountant may disclose confidential information if authorized by the client, required by law (e.g., court order, anti-money laundering laws), or if there is a professional duty/right to disclose (e.g., to protect professional interests in legal proceedings).
Common mistakes
Believing confidentiality is absolute in all circumstances.
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