Accountant-client privilege
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Title: Accountant-client privilege

Essay Details:

Subject: Business
Author: Morris S
Date: November 23, 2015
Level:
Grade: B
Length: 17 / 4893

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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