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CONFIDENTIALITY

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MEANING: NOT DISCLOSE ANY INFORMATION TO 3RD PARTY WITHOUT PROPER & AUTHORIZATION OR USE IT AS AN ADVANTAGE

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EXCEPTION (S140):

A) PERMITTED BY LAW, AUTHORIZED BY CLIENT OR EMPLOYER

B) WITH ACCORDANCE IN ANY WRITTEN LAW/DISCLOSURE IS COMPELLED (OBLIGED)

C) PROFESSIONAL DUTY, RIGHT TO DISCLOSE WHICH IS NOT PROHIBITED BY LAW

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REASONS / IMPORTANCE OF CONFIDENTIALITY IS CRUCIAL FOR AN AUDITOR:

1. PROTECT CLIENT’S INFO

2. BUILDING TRUST

3. AVOID CONFLICT OF INTEREST

4.UPHOLDING PROFESSIONAL STANDARD

5. LEGAL OBLIGATION

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EFFECT OF CONFIDENTIALITY

- DEALING WITH REMIFICATIONS OF LAW SUITS

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TO BE CONTINUED...