Information obtained by a CPA from a client is legally privileged in federal court.

Question

Quizplus · Accepted Answer

While the information exchanged between a CPA and a client may be confidential, it does not meet the legal definition of privileged communication. Privileged communication refers to information exchanged between certain types of individuals, such as attorneys, and their clients that is protected by law from disclosure in court. Therefore, information obtained by a CPA is not legally privileged in federal court.

Information Obtained by a CPA from a Client Is Legally