ACCA AAA ^INT Syllabus B. Professional and Ethical Considerations - Confidentiality - Notes ^{2 / 9}

Recognised exceptions to the duty of confidentiality

Sometimes disclosure is required and sometimes it is voluntary

• Obligatory disclosure

  when the auditor knows, or has reason to suspect that, a client has committed..

  • Treason

  • Terrorism

  • Drug trafficking

  • Money laundering

More exceptions

• Voluntary disclosure

  This is permitted in the following circumstances:

  1. Protecting Member Interests

     For example, defending yourself against an accusation of negligence

  2. Legal Process

     The courts may require documents

  3. Public Interest

     For example - Informing tax authorities of non-compliance by a client company with tax regulations