Sacramento, Calif. (April 19, 2004) -- The California Board of Accountancy is revising part of its Code of Regulations to address concerns about the disclosure to clients of outsourcing.
The CBA's Committee on Professional Conduct took up the issue last fall, after the state's legislature raised concerns about the security of client financial information being sent to third parties. As a result of its investigation, the board approved revising Sec. 54.1 of the code, which prohibits the disclosure of confidential client information without the client's consent.
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