The Accounting Firm of Gray & Co

Multiple Choice

The accounting firm of Gray & Co.did accounting work for both Regional Bank and Carter Electronics.Without Carter's knowledge or approval,Gray & Co.discussed Carter's financial problems with Regional Bank.Gray & Co.:

A) breached a legal obligation to keep all client information confidential.
B) breached a moral, but not a legal, obligation of confidentiality.
C) did not breach any obligations to its clients.
D) acted properly because it was protecting its client, Regional Bank, from possibly making an unwise loan to Carter Electronics.