During the cold winter months,a Nebraska corn farmer discussed hiring a CPA to maintain his books and records.During the course of their discussions,the farmer told the CPA about various proprietary techniques that he uses to maximize the yield from growing corn and maximize the revenue his business generates.Thereafter,the farmer got busy operating his business and never contacted the CPA again. For what period of time,if any,does this CPA owe a duty of confidentiality to this farmer?
A) No duty at all because the duty of confidentiality only continued until the time at which it became reasonably certain that the farmer would not become the CPA's client
B) Expired after the end of the farmer's busy growing and harvesting season, if not sooner
C) One year
D) Forever
Correct Answer:
Verified
Q14: A car tire manufacturer guarantees that its
Q15: During the course of working on a
Q16: During the course of working as an
Q17: The duty of confidentiality arises when:
A) A
Q18: Due to its international expansion,a privately-held company
Q20: The duty of confidentiality applies to:
A) Spoken
Q21: The federal accountant-client privilege:
A) Applies only to
Q22: A CPA cannot be held liable for
Q23: Is there a federal accountant-client privilege? What
Q24: In accordance with the duty of confidentiality,when
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents