Bill is the accountant for Cheatam and Sons Co.For many years he has kept two sets of books, one with real figures and another with figures he will use in case the IRS audits.When Bill, while working on Cheatam's books, is arrested for fraud, what will happen to the books?

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Quizplus · Accepted Answer

Business records, including accounting books, are not protected by the Fifth Amendment and may be admitted as evidence in court. The fact that Bill kept two sets of books indicates fraudulent intent, making them relevant evidence in the case against him. Privilege communications typically refer to confidential communications between a client and their attorney and do not apply in this situation. The Fifth Amendment also does not apply as it protects individuals against self-incrimination, not business records. Consent to a search is also not relevant as the books would likely be obtained via a subpoena, not a search warrant.

Bill Is the Accountant for Cheatam and Sons Co