Asked by Khush Bhullar on Jun 11, 2024
Verified
Which of the following statements is an element of confidentiality?
i. Accountants must not disclose information acquired in the course of their work.
ii. Accountants must disclose information if there is a professional duty to do so.
iii. Accountants may not use information gained in the course of their work for their own or another's personal advantage.
A) i
B) ii
C) iii
D) i, ii and iii
Confidentiality
The obligation to safeguard and not disclose private information to unauthorized individuals.
Disclose Information
The act of making information known or public, especially information that was previously private or confidential.
Professional Duty
An obligation or responsibility that an individual in a professional role is expected to perform or uphold.
- Recognize the ethical standards required in management accounting, including confidentiality, competence, integrity, and objectivity.
Verified Answer
Learning Objectives
- Recognize the ethical standards required in management accounting, including confidentiality, competence, integrity, and objectivity.
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