A CPA's client base includes both publicly traded corporations and smaller privately-owned clients.Some of these clients require audits,and others only require bookkeeping and tax compliance services.If the CPA wishes to sell her professional practice to another CPA firm,she may disclose to the prospective buyer information concerning:

Question

Quizplus · Accepted Answer

The CPA may disclose all information requested, but she must take reasonable precautions to ensure that the prospective buyer does not disclose sensitive client information. This may include obtaining a confidentiality agreement from the buyer and restricting access to the information to only those individuals who need to see it. The duty of confidentiality is still in effect, so the CPA cannot disclose any client information without the client's permission.

A CPA's Client Base Includes Both Publicly Traded Corporations and Smaller