Confidentiality Flashcards
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.
