Question

​Seria, Inc. has received a bulk order from an overseas client. As a​ result, the reported earnings of this year are expected to be significantly higher than the estimates of financial analysts.​ Joshua, an accountant at​ Seria, tells this to one of his friends. Which of the IMA standards has Joshua​ violated?

Answer 1

Answer:confidentiality

Explanation:

Confidentiality means  certain rules and promise that an employee need to follow in order to protect or restricts the information necessary for company.

Joshua break the standards and leak the confidential information of company by telling his friend about the estimates of earning. Confidentiality can be of following types

• Medical Confidentiality
• Commercial Confidentiality
• Banking Confidentiality