Association of Chartered Certified Accountants (ACCA) Certification Practice Test

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What principle emphasizes maintaining confidentiality as per the ACCA Code of Ethics?

Integrity
Objectivity
Confidentiality
Professional behaviour

The correct answer is: Confidentiality

The principle that emphasizes maintaining confidentiality in the context of the ACCA Code of Ethics is confidentiality itself. This principle underscores the importance of respecting and protecting the privacy of information obtained during professional interactions. Accountants frequently have access to sensitive information regarding clients and organizations, and it is crucial that they maintain this confidentiality to uphold trust and professionalism in their relationships. Breaching confidentiality can lead to a loss of trust, potential legal repercussions, and harm to the reputation of both the accountant and the profession as a whole. Confidentiality mandates that professionals not disclose, or allow unauthorized access to, this sensitive information without proper consent, unless there is a legal or professional duty to do so. This principle is foundational to ethical practice in the accounting profession, as it ensures that client information remains secure and private.