The Confidential Client Information Rule
You plan to sell your accounting firm. Which statement best describes the application of the Confidential Client Information Rule to discussions you will have with potential purchasers of your firm?
You cannot share confidential client information unless you get your client’s written permission.
You can share confidential client information without obtaining the client’s consent in all circumstances.
You cannot share confidential client information without obtaining the client’s consent under any circumstances.
You can share confidential client information without obtaining your client’s permission if you take appropriate precautions.
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