Raunak, an Accountant, Has Been Subpoenaed to Testify and Produce

question 23

Multiple Choice

Raunak, an accountant, has been subpoenaed to testify and produce its working papers as well as conversations regarding a lawsuit brought against Shyam, one of his clients. Which of the following statements is true of Raunak's attempt to avoid having to present such evidence?

• A) The federal law recognizes the existence of the privileged communication rule if the accountant is certified.
• B) The privilege of confidentiality is available regarding working papers since the accountant is deemed to own them.
• C) The privilege of confidentiality is as widely available as the attorney-client privilege.
• D) The law does not recognize the existence of the privileged communication rule between accountants and their clients.

Recognize the impact of organizational structure on decision-making authority and ethical behavior.

Identify and analyze the role of group norms, organizational culture, and ethical culture in influencing employee behavior and organizational performance.

Differentiate between centralized and decentralized organizational structures and their advantages.

Explain the importance and function of internal controls, audits, and legal requirements in maintaining ethical standards within an organization.