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Which of the following communications between an accountant and client are not privileged?
a)An accountant orally communicates to his client that he should set up a foreign subsidiary to shift taxable income to a lower tax jurisdiction.
b)An accountant privately submits to the client a plan for shifting taxable income to a lower tax jurisdiction.
c)During a meeting in which a client is asking for advice relating to criminal fraud, the client tells his accountant that he lied to the IRS.
Anarchy
A state of society without government or law, where there is no centralized authority, often implying disorder due to the absence of government control.
Autocracy
A form of government where power is concentrated in the hands of a single individual or a small group, without significant input from citizens.
Monarchy
A form of government in which a single person, the monarch, rules until death or abdication, and the position is usually inherited.
Communist
Pertaining to a political and economic system aiming for a classless society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
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