Insider dealing
Insider dealing generally concerns prohibited trading or other conduct involving material non-public information, as defined by applicable law. The precise offences, defences and reporting obligations vary by jurisdiction. An auditor who encounters suspected misconduct considers relevant legal, ethical and reporting responsibilities.
Worked example
An auditor learns that an executive traded shares shortly before a confidential acquisition was announced; the firm investigates and considers its obligations.
Common mistake
Do not assume all possession of confidential information is criminal or that every suspicion must be reported externally without checking the applicable law.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AAA (INT) | Supporting | September 2026–June 2027 |
| ACCA | LW (ENG) | Direct | September 2026–June 2027 |
| ACCA | LW (GLO) | Direct | September 2026–June 2027 |