Asq Certified Quality Auditor CQA · Free Practice Question Easy
Question 24
If an auditor uses inside information obtained during an audit for personal financial gain, what legal consequence might they face?
- A No legal consequences
- B Legal liability for insider trading
- C Increased demand for their services
- D Loss of professional credibility
Reveal correct answer
Correct answer: B
Explanation
Using inside information obtained during an audit for personal financial gain is a serious breach of professional ethics and could result in legal liability for insider trading. An auditor must maintain the highest standards of professional integrity to protect the interests of their clients and the public.Discussion
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