Hot potato.
Position | INFORM |
This issue's dilemma
THE PROBLEM I am the FD of a British subsidiary of a US company that's being restructured. I have concerns about some of the proposed changes. which I have raised, but the other directors are not responding. I'd like to broach the subject with our auditor. Would I be breaking confidentiality rules?
CIMA'S RESPONSE Document all communications on the issue, including those to which you have not had a reply. Review the principle of confidentiality in relation to an accountant in business (section 140.1 of the CIMA handbook). It is important to refrain from disclosing information outside the employing organisation unless required to do so by law or professional duty (140.7)...
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