ipl-logo

Essay On Confidential Information

704 Words3 Pages
bulb-icon

Recommended: What is the importance of confidentiality

The Business Dictionary website defines Confidential Information as, “Privileged communication shared with only a few people for furthering certain purposes, such as with an attorney for a legal matter, or with a doctor for treatment of a disease.” The two components of the essay topic, Confidential & Information, are individually defined by the Oxford online dictionary; Confidential – “Intended to be kept secret” – & Information – “Facts provided or learned about something or someone.” In my career as an accountant, it is vital to understand the meaning in both business and non-business, as there are many details privy to specific people. I am confident this fits into Lewis’s typology of definitions with a purpose. The flip side of the coin …show more content…

One of many reasons is to protect the company from information leaking to the competitors and if that were to happen, the competitors can easily take away market share/profit from the company; worst case scenario wipe out the company. Another reason is employees were to find out the pay of each employee, it will result in an unhealthy work environment, or employees may choose to quit. Clients exposed to the information can gain bargaining power of dictating how much they’re willing to pay if they’ve been unreasonably charged in the past. Also, if the intent is to keep the confidential information only to the president and not share with vital management, it may stunt growth and remove opportunities/ideas that some management may be able to provide if they could contribute. Therefore, most companies, as mine as well, the confidential information is built with rules of who can be provided with how much information, and where to draw the line when certain questions are asked; many a times I’ve been asked sales numbers of the company by curious salespersons and my response every time is apologetic that I cannot share that information and to seek to their

Show More
Related
802 Words | 4 Pages

1. Identify the specific circumstances under which auditors are allowed to provide confidential client information to third parties. According to ET Section 391.004, an auditor would be violating Rule 301.01 if the information is considered to be confidential client information, unless the auditor has the clients' specific consent, preferably in writing, for the disclosure or use of such information. “A member in public practice shall not disclose any confidential client information without the specific consent of the client” (AICPA § 301.01).

Read More
302 Words | 2 Pages

Because secrecy contains, in itself, a sort of inherent power, there must be checks on when it is used and it must continually be under vigilant oversight by those who represent the American public. Secrecy

Read More
1229 Words | 5 Pages

Describe different types of business documents that may be produced and the format to be followed for each. There are many different types of business documents that are used daily in business environments, for example; Emails- The fastest way to send documents and information and follow the format of recipient and subject. Spreadsheets- These are used to store information electronically.

Read More
1924 Words | 8 Pages

individual, thereby keeping other staff informed and aware of current situations within the workplace. Also it is important that the information is recorded, as it may be called upon for legal reasons. All communications are confidential, and on a “need to know”, basis. 2.1 Demonstrate how to establish the communication and language needs, wishes and preferences of individuals.

Read More
1006 Words | 5 Pages

Nowadays, more employers require new workers to sign “Non-Compete Agreements”, in order to prevent insiders from taking consumers’ data, business secrets or newly researched technologies to competing firms when the workers leave. A non-compete agreement is a contract between an employee and employer that confines the ability of workers to involve in business which competes with their current employer. The agreement is most often signed at the beginning of employment. It puts a limit on the employee to not work for a competitor company immediately after leaving their employment with the current company.

Read More
2128 Words | 9 Pages

Ethics Assignment Introduction Confidentiality is an ethical value that remains deeply rooted in the nursing profession and has always been the cornerstone of the nurse-patient relationship. Since the days as nursing students, we were constantly reminded of the significance in maintaining patient’s confidentiality. The Oxford dictionary defines confidentiality as intended to be kept secret while the Cambridge dictionary defines it as the state of being secret.

Read More
647 Words | 3 Pages

The second part is the educational sanctions where the student can be tasked with university or community service in relation to the violation committed. If I had been given these tasks and not completed them in time, I would have run the risk of being placed on Honor Violation Probation until the tasks are completed. The professor can choose to implement a grade reduction in the course, a zero for the assignment grade, a requirement to complete extra assignments or tasks in the course, requirement to attend the Academic Integrity Development Program, placing me on Honor Violation Probation, or any combination of these penalties. I understand this is an inexcusable mistake, your faith in me righting my wrong by reworking my original paper and submitting an extra report, gives me the opportunity to learn from this experience. The professor could also have decided in his opinion if the violation shows cause that I deserve a sanction of separation from the

Read More
465 Words | 2 Pages

Private Peaceful is a historical fiction novel written by Michael Morpurgo. The story is set in the homefront, school, and battlefront during World War I. This story revolves around the powerless Peaceful brothers, Charlie and Tommo, who face injustice between people who have power and people who do not. Throughout the novel, Morpurgo tells a message to the readers that the rich and powerful victimise the poor and the weak.

Read More
2272 Words | 10 Pages

Abstract Whistleblowing has now became an important aspect to organizations and it reflects governance aspect of the organization. This paper explains problems faced by Whistleblowers over the world. This paper also deals with the legislations on whistleblower protection in India and why some countries are hesitating to introduce whistleblower protection law. It deals with reasons for such hesitations.

Read More
1052 Words | 5 Pages

The principle of confidentiality means not passing on personal information about the families, children or colleagues that staff work with. It also means a set of rules or a promise that limits access or places restrictions on certain types of information. Confidentiality means not sharing information about people without their knowledge and agreement, and ensuring that written and electronic information cannot be accessed or read by people who have no reason to see it. Confidentiality is important because: -The person who does not keep information confidential, cannot be trusted.

Read More
1354 Words | 6 Pages

TRADE SECRETS A trade secret is the legal term for confidential business information. It can include any information that is valuable to its owner and that the latter wants to keep secret. Trade secret may include customer lists, recipes and formulas, special processes, devices, methods, techniques, business plans, research and development information, etc. In general, protection is sought to safeguard a trade secret from exploitation by those who obtain access through improper means or who breach an obligation of confidentiality.

Read More
1665 Words | 7 Pages

Self-Disclosure is when a person opens up themselves to another person. There are some people that when it comes to self-disclosure it’s no problem for them to share but there are others that take self-disclosure very seriously. Those who self-disclose easily are probably the ones that love to talk to others. The ones that actually dont like self-disclosing are typically the ones that feel vulnerable when they do self-disclsose. Some people may think that self-Disclosure is one of the most important thing when it comes to developing a relationship.

Read More
1512 Words | 7 Pages

Introduction Academic Integrity is an essential component of third level education because it is the fundamental building block in which we derive our professional ethics and integrity from. It sets a pattern for life long integrity in all areas of life. Our job as students is to construct knowledge honestly and fairly. A culture of honesty earns a great deal of respect. Integrity is fundamental to everything we do in college, I don’t think we can have genuine learning without integrity.

Read More
1109 Words | 5 Pages

“Once you’ve lost your privacy, you realize you’ve lost an extremely valuable thing” - Billy Graham. “Invasion of privacy is a legal term. It is used to describe a circumstance where an individual or organization knowingly intrudes upon a person. The intrusion occurs when the person has a reasonable expectation of privacy, such as in a bathroom or locker room”(Winston). There are many factors that help with the loss of privacy these days.

Read More
744 Words | 3 Pages

Staying Safe Online - for Teenagers & Adult Please carefully consider and abide by the tips below and remember that they apply to public posts and private messages. The importance of staying safe online cannot be overestimated. Always keep in mind that there are lots of dangerous people online. Many of them are very good at pretending to be someone else and winning your trust. Please read the SMART Guidelines below, for useful tips on staying safe online.

Read More

More about Essay On Confidential Information

Related Topics

Open Document