Asked by Brooke Ramsey on May 11, 2024
Verified
Many accountants and other professionals store confidential information on servers owned and maintained by a third party.
Confidential Information
Sensitive information that is not public knowledge and is protected from being disclosed, often defined in legal agreements.
Third Party
An entity that is not directly involved in a transaction or legal contract but may be affected by it or have interests in its outcome.
- Fathom the legal ramifications and liabilities that accountants encounter in the execution of their professional duties.
Verified Answer
OM
Olivia MillerMay 18, 2024
Final Answer :
True
Explanation :
Many professionals, including accountants, often use cloud services provided by third parties for data storage, which involves storing confidential information on servers owned and maintained by these third-party companies.
Learning Objectives
- Fathom the legal ramifications and liabilities that accountants encounter in the execution of their professional duties.
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