Question
Alex, a member, provides various attest and non-attest services to Bisk & associates and has been doing so for approximately fifteen years. During this fifteen
Alex, a member, provides various attest and non-attest services to Bisk & associates and has been doing so for approximately fifteen years. During this fifteen year association with Bisk & associates there have been no major disagreements between the parties and Alex has always provided timely and responsive services to that client. Alex prepared a financial statement for Bisk & Associates for the year 20X2 which was submitted to Bisk & Associates bank for the purpose of obtaining credit. The financial statement was completed by Alex in February 20X3 and submitted to the bank in march 20X3. In may 20X3, Bisk & Associates discovered that their bookkeeper had committed fraud and had stolen approximately $100,000 from the company over a three year period. As a result of the discovery, Bisk & Associates initiated a claim for malpractice against Alex. When Alex was informed of the claim she immediately contacted her professional liability insurance carrier as required by the carrier. Which of the following is a violation of the prohibition against disclosure of confidential client information?
a) Complying with the insurance carrier's request for Bisk & Associates general ledger
b) Reviewing all correspondence between Alex and Bisk & Associates for the past three years with a professional colleague who had been previously sued for malpractice by one of their clients.
c) Complying with the insurance carrier's request for all correspondence and emails between Alex and Bisk & Associates for the past three years.
d) Both a and c, are violations of the prohibition against disclosure of confidential client information.
e) Both b and c, are violations of the prohibition against disclosure of confidential client information.
Step by Step Solution
3.45 Rating (152 Votes )
There are 3 Steps involved in it
Step: 1
b Reviewing all correspondence between Alex and Bisk Associates for the past three years with a prof...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started