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Q: Why is it important to deal with confidential client information under the data protection act?
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Continue Learning about Accounting

How do you report a business to a credit bureau?

You would have to be a client/contributing member of the bureau to report information.


Why do you think it is important for clients of accounting firms to be ethical?

Brief answer - Enron. Long answer - Because you will never know who is relying on the information you provide to your accountant. Something as simple as omission of information from an income tax return (which we'll assume is the client's fault if we're talking ethics) can cause problems for a tax preparer. Albeit, the responsibility would ultimately fall on the client, the preparer would still have some explaining to do, and could lose his or her license if the omissions were serious enough. Basically, we should all be responsible for our own actions. An ethically challenged client is trying to have personal gain at the accounting firm's expense. The people at the accounting firm are merely trying to put food on their tables the same as the client. If a client engaged in "improper activity" and does not notify the accounting firm, then the firm has no opportunity to protect itself if the the client gets caught and the victims can transfer blame to someone they feel has "bigger pockets".


What are some general client Confidentiality concerns that may properly affect audit planning decisions?

Client confidentiality laws are strict to allow for maximum privacy. Auditors are required to look at a significant amount of personal client information. Some basic concerns would be the number of auditors hired to look at the information, the level of understanding and respect each auditor has for privacy laws, and the system needed to insure that auditors only see the amount of information they need and nothing more than that.


How do you write letter to the client for completion of work?

To write a letter to a client for completion of work a brief summary of the work that has been done needs to be included. A quick review of the process and any other important details need to be included.


What is the responsibility of independent auditors?

The primary objective of independent auditors are rendering opinion report on the financial statement that is the responsibility of client management. The main reason auditors need to be independent are to provide credentional for the client prepared financial statements. Therefore, the users (Bankers, Investers and third party) of the financial statement can have unbiased information about the client financial Statements.

Related questions

What is the salon rules for maintaining client confidentiality?

Data Protection ActIt is important to store client cards client information etc in a stored locked cabinetit is also important to disclose security on personal information e.g what is said between the client and yourself.if a client finds out their information has been talked about round the salon, they may not return and some may sue due to data protection act- Klaire -


Why it is important that you follow confidentiality procedures in the legal office?

A client seeks out an attorney to protect his/her confidential information regarding the case the attorney is retained to protect. If the confidential information is released to the opposing attorney, the clients attorney chance of winning is dramatically reduced.


Can confidential information be released to an attorney?

Yes, confidential information can be released to an attorney under attorney-client privilege, which protects communication between a client and their attorney from being disclosed without the client's permission. This privilege helps ensure that clients can share sensitive information with their attorneys in confidence.


What is the meaning of attorney-client privilege?

Attorney-client privilege is a law term. It refers to the right of a lawyer to refuse to give out confidential information that relates to their client in any manner.


What is Unethical practice Attorney Client Relationship?

An example of an unethical attorney-client relationship is if an attorney reveals confidential information that the client told him or her in confidence. It is also unethical if the attorney threatens to blackmail the client.


When you showed honesty and integrity in working with confidential information?

It's very important to be extra careful especially if it involves HIPA law violations because a person who has access to the information about the client could get in to serious trouble if info were revealed.


Why it is important to have secure systems for recording and storing information?

Secure systems are essential to protect sensitive information from unauthorized access, theft, or manipulation. A breach in security can result in significant financial losses, damage to reputation, and legal implications for the organization. By having secure systems in place, businesses can ensure the confidentiality, integrity, and availability of their data.


Lawyers and confidential information?

It is known as "Attorney-Client Privilege." An attorney can not be compelled, and need not disclose, ANY communication between themselves and a client, under ANY circumstance.


What methods you utilise to discover the interests of a client and why is it important to do this?

get the client's information from reliable sources,know the client,make friends.it is important to do this to discover intense collections of data about the client'


Whena CSI worker is gathering personal information from a client what do you need to tell them?

tell them your purpose, in what situation the information used and confirm with them that their information will be kept confidential base on the Organization policy and Procedures


Explain the types of information that could affect confidentiality and security and how to handle this in the workplace?

If any confidential information to do with clients is given out, it is a very serious matter as it may be causing a threat to others, types of information that could affect confidentiality and security are peoples personal details for example their PIN numbers, national insurance numbers or account numbers. All of this information can be kept confidential by not telling anyone them, do not discuss a client's case over the phone to a family friend or someone that knows the person. The data protection act was set up to prevent confidential and secure information from being given out and it is breaking the law if you do. All these sorts of information should be handled very carefully this way no information will be revealed. It is very important that we handle this information with great care not only to protect the information but to keep the business professional and legal. i hope this helps:) x


How does privileged communication differ from confindentiality?

Attorney client privilege is part of evidence law that states a court cannot compel an attorney to testify in court regarding communications he had with a client. It applies only to communications between attorney and client, or with their agents. If others heard the communication, it is not considered privileged. Duty of confidentiality is an ethical duty of lawyers to keep all things relating to a client's case confidential, including communications with a client, communications with other individuals regarding the case, and attorney work product. If a lawyer reveals confidential information, he or she may be subject to state bar disciplinary proceedings. Confidential information is not necessarily protected by attorney client privilege. A lawyer could be compelled to testify in court regarding communications he had with another individual regarding a client's case, if that individual was not his client.