Question
During the course of auditing a telecommunication hardware company, you learned a great deal about typical credit terms and profit margins in that industry. You
During the course of auditing a telecommunication hardware company, you learned a great deal about typical credit terms and profit margins in that industry. You now have been hired by a small supplier of component parts to the telecommunications industry. This supplier has asked you to prepare its financial projections. In preparing these projections, you intend to assume that credit terms and projected profit margins will be similar to others in the same industry. By doing so, are you violating your duty of confidentiality to the large telecommunications hardware company?
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