5. What steps do you think Turbatron might take in advance of such a situation to avoid any difficulties it now faces?

Accountants are often entrusted with private, sensitive information that should be used confidentially. In this exercise, you're encouraged to think about ethical considerations that might arise when an accountant's career choices come up against a professional obligation to maintain confidentiality.

The Dilemma Assume that you're the head accountant in Turbatron, a large electronics firm that makes components for other manufacturing firms. Your responsibilities include preparing Turbatron's financial statements that are then audited for financial reporting to shareholders. In addition, you regular1y prepare confidential budgets for internal use by managers responsible for planning departmental activities, including future investments in new assets. You've also worked with auditors and CA consultants that assess financial problems and suggest solutions