Who owns and controls an accountant's working papers?
A)The client, in practice
B)The IRS
C)The accountant, in theory and practice
D)The client, in theory

Question

Quizplus · Accepted Answer

In practice, the client owns and controls an accountant's working papers as they are considered to be the client's confidential information. However, in theory, the accountant may have a right to retain the working papers until their fees are paid, but this is not typically exercised. The IRS does not own or control the accountant's working papers.

Who Owns and Controls an Accountant's Working Papers