Asked by Tharchin Sangpo on Jun 28, 2024
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An accountant-client privilege is statutorily recognized in all states, permitting the accountant to refuse to disclose confidential information gleaned from his client.
Accountant-client Privilege
A legal privilege that allows clients to refuse to disclose confidential communications with their accountants in legal proceedings.
Statutorily Recognized
Officially acknowledged or established by law through legislative action.
Confidential Information
Data or knowledge that is not meant to be made available to the public due to its sensitive nature or proprietary value.
- Illuminate the contexts in which accountants are subject to liability with third parties and understand the boundaries of the confidential relationship shared with their clients.
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Learning Objectives
- Illuminate the contexts in which accountants are subject to liability with third parties and understand the boundaries of the confidential relationship shared with their clients.
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