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Essay

Accountant-client privilege

Essay specific features

 

Issue:

Business

 

Written by:

Jeanne B

 

Date added:

June 25, 2017

 

Level:

 

Grade:

A

 

No of pages / words:

18 / 4893

 

Was viewed:

8908 times

 

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Essay content:

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...
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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. This reform contains a provision that created confidentiality privilege between clients and CPA's who represent them in non-criminal tax matters...
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