Which of the Following Communications Between an Accountant and Client

question 1

Essay

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.

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Definitions:

Foreign Imports

Goods or services that are brought into a country from abroad for sale, which can impact local economies, industries, and trade balances.

Constitutional Convention

A meeting held in 1787 where delegates from the thirteen American colonies agreed upon the United States Constitution.

Detailed Notes

Comprehensive and carefully recorded observations or summaries that capture the essential aspects of a subject or event.

James Madison

An American statesman, diplomat, expansionist, philosopher, and Founding Father who served as the fourth president of the United States from 1809 to 1817, known as the "Father of the Constitution."