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A client has omitted a significant disclosure from the financial statements. The auditor has asked...

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Accounting

A client has omitted a significant disclosure from the financial statements. The auditor has asked the client to include the information, but the client refuses and claims the information is confidential. The position of the CPA should be that the information
Multiple Choice
cannot be considered confidential if it is necessary for the completeness of the financial statements.
cannot be considered confidential unless it can be covered by the attorney-client privilege.
is confidential and will only be disclosed under subpoena or for a regulatory investigation.
should be discussed with the audit committee to determine if the information should be disclosed.

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