Practice Quiz

Forensic Accounting

Category - Fundamental Forensic Knowledge

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Why is confidentiality of information given such importance?
  1. It is directed by the court
  2. It ensures transparency and reduces the likelihood of any misuse of information
  3. It is preferred by clients
  4. None of the above
Explanation
Answer: B - Confidentiality of information is a fundamental principle every practitioner needs to adhere to. It ensures the entire engagement is processed effectively, and bars the practitioner from gaining any unfair advantage from the client by deciding to use sensitive and confidential information.
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