Which of the following is correct with respect to the accountant-client privilege?

Question

Quizplus · Accepted Answer

Some states in the United States statutorily recognize an accountant-client privilege, which can protect the confidentiality of communications between a client and their accountant under certain conditions. However, this privilege is not as broadly recognized or as strong as the attorney-client privilege, and its applicability can vary significantly from one state to another. Federal law generally does not recognize an accountant-client privilege, especially in matters involving federal tax issues, and the common law traditionally does not establish such a privilege.

Which of the Following Is Correct with Respect to the Accountant-Client