Final answer:
It is true that auditors are generally prohibited from disclosing confidential client information without consent, per the Code of Professional Conduct, except under certain legal obligations.
Step-by-step explanation:
The statement is true: with few exceptions, the Code of Professional Conduct generally prohibits auditors from disclosing confidential client information without the client's consent. The code maintains the integrity of the auditing profession by requiring auditors to adhere to a strict set of ethical standards, which includes the confidentiality of client information. This is crucial for maintaining public trust in the auditing process. There are, however, certain circumstances under which an auditor is permitted or required to disclose confidential information, such as when it is in response to a court order or to comply with legal obligations.
The statement is true. According to the Code of Professional Conduct for auditors, they are generally prohibited from disclosing confidential client information without the client's consent. This is to maintain the privacy and confidentiality of the client's information. However, there are certain exceptions where auditors may be required to disclose such information, such as when they are legally obligated to do so or when the client's consent is obtained.