(Answered) The cpas duty of confidentiality is best described by which

Accounting

The CPA's duty of confidentiality is best described by which of the following:

a. The duty of confidentiality requires the CPA not to divulge knowledge about the client that was obtained while rendering accounting services to a client, even if the CPA is subpoenaed to appear in court in a criminal case or civil case.

b. The duty of confidentiality requires the CPA to take the witness stand in a federal civil tax proceeding, and requires the CPA to be sworn in as a witness, but legally permits the CPA not to testify even if the client wants the CPA to testify.

c. The duty of confidentiality requires the CPA to take the witness stand in a federal civil tax proceeding, and requires the CPA to be sworn in as a witness, but legally permits the CPA not to testify only if the client wants the CPA not to testify.

d. The duty of confidentiality requires the CPA not to divulge knowledge about the client that was obtained while rendering accounting services to a client, but does not permit the CPA to refuse to answer questions in court upon being sworn in as a witness.

e. None of the other choices are correct.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92562087
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - kingbird enterprises owns the following assets

Question - Kingbird Enterprises owns the following assets at December 31, 2017. Cash in bank - savings account 70,600 Checking account balance 20,800 Cash on hand 8,300 Postdated checks 840 Cash refund due from IRS 34,50 ...

Question - your client fred mertz is a calendar-year cash

Question - Your client, Fred Mertz, is a calendar-year, cash method taxpayer. He is the landlord of a building and is looking to sign a three-year lease with Ricky Ricardo. Ricky will move in December 1, 2017 and move ou ...

Question - below are three independent situationsa in

Question - Below are three independent situations. a. In August, 2018 a worker was injured in the factory in an accident partially the result of his own negligence. The worker has sued Wesley Co. for $800,000. Counsel be ...

Question - if colleen mooney invests 476550 now and she

Question - If Colleen Mooney invests $4,765.50 now and she will receive $12,000 at the end of 12 years, what annual rate of interest will Colleen earn on her investment? Compute the number of periods of a single amount. ...

Question - klm ltd purchased new equipment on 1st january

Question - KLM Ltd purchased new equipment on 1st January 2010, at a cost of $420 000 net of GST. The company estimated that the equipment had a useful life of 5 years and a residual value of $45 000. Required - Assuming ...

Questions -q1 conner corporations adjusted trial balance

Questions - Q1. Conner Corporation's adjusted trial balance included the following items:Accounts payable ($65,000), Accounts receivable ($45,000), Capital stock ($100,000), Cash ($50,000), Dividends ($10,000), Goodwill ...

Question - sandhill inc leased equipment from tower company

Question - Sandhill, Inc. leased equipment from Tower Company under a 4-year lease requiring equal annual payments of $424152, with the first payment due at lease inception. The lease does not transfer ownership, nor is ...

Question - you are the controller of harmon oil a

Question - You are the Controller of Harmon Oil, a medium-sized oil exploration company in Texas. It is time to make a forecast of the company's annual earnings. You know that additional losses will be recognized before ...

Question review the course project guidelinesin the last

Question: Review the Course Project Guidelines. In the last module, you completed your estimate of cash flows for your project. In this module, you will calculate the break-even point for the project and the expected fin ...

Question - x company wants to estimate overhead costs in

Question - X Company wants to estimate overhead costs in March, when production is expected to be 1,400 units. To determine the parameters of its overhead cost function, it used account analysis with the January cost inf ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert