During the Cold Winter Months,a Nebraska Corn Farmer Discussed Hiring

question 6

Multiple Choice

During the cold winter months,a Nebraska corn farmer discussed hiring a CPA to maintain his books and records.During the course of their discussions,the farmer told the CPA about various proprietary techniques that he uses to maximize the yield from growing corn and maximize the revenue his business generates.Thereafter,the farmer got busy operating his business and never contacted the CPA again. For what period of time,if any,does this CPA owe a duty of confidentiality to this farmer?

• A) No duty at all because the duty of confidentiality only continued until the time at which it became reasonably certain that the farmer would not become the CPA's client
• B) Expired after the end of the farmer's busy growing and harvesting season, if not sooner
• C) One year
• D) Forever

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash and goods, used by a business to fund its operations and investments.

High-growth Firms

Companies characterized by their fast-paced growth in revenues, market share, or employees, typically outperforming their industry averages.

High-tech

Referring to industries or products involving the latest technology, often in the fields of electronics, computers, and biotechnology.

Health Care

The maintenance or improvement of health via the prevention, diagnosis, treatment, recovery, or cure of disease, illness, injury, and other physical or mental impairments in people.