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Essay text:
Communications between professionals and their clients other than those between an attorney and his or her client are not privileged under federal law. In cases involving federal law, state-provided rights to confidentiality of accountant-client communications are not recognized.
To get around this issue, in the past, in order for a CPA to seek communication privilege with their client an attorney would have to be hired in order to invoke the attorney-client privilege which would also extend to the accountant. This was a two-tier process, which in most cases would be costly and troublesome. In 1998 an Internal Revenue Service Restructuring and Reform Act was enacted...
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Common topics in this essay:
- Accountant
- Accountant Liabitlity
- Accountant-client privilege
- Accountant
- Accountant
- Accountant
- Assistant Accountant
- accountant-client privilege
- Being a Business Accountant
- Chartered Accountant
- The Accountant
- The Dilemma of an Accountant
- White Privilege
- White Privilege
- Thin Client vs. Fat Client Network Design
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