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Case 5.2. Herbalife International Questions Identify the specific circumstances under which auditors are allowed to provide confidential client information to third parties. Does the professions
Case 5.2. Herbalife International Questions Identify the specific circumstances under which auditors are allowed to provide confidential client information to third parties. Does the professions code of ethics prohibit auditors from discussing their clients with family members, friends, and other acquaintances? If not, what types of client information can be shared with those parties? Defend your answer. What measures could the Big Four firms take to mitigate the risk their partners will improperly share confidential client information with third parties? Would these measures be cost-effective? Why or why not? Consider the following individuals: Scott London, Bryan Shaw, Thomas Flanagan, James Gansman, and the wife of the Deloitte partner who eavesdropped on her husbands conversations to obtain inside information regarding his clients. Using the scale shown below, evaluate the conduct of these individuals. Be prepared to defend your choices. Details An illustration displays a sca
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