In the scenario where an internal auditor learns through their work that the company was preparing to purchase land for an expansion. A friend, who happens to own the property that wanted information about the companys finances and staff, approached the internal auditor. The friend hoped to use this information during the negotiation of the sale to obtain more money from the company. The auditor would beach the confidentiality rule if they provided their friend with any information.

Provide an explanation of how the Code of Ethics applies to this dilemma