Raunak, an accountant, has been subpoenaed to testify and produce its working papers as well as conversations regarding a lawsuit brought against Shyam, one of his clients. Which of the following statements is true of Raunak's attempt to avoid having to present such evidence?
A) The federal law recognizes the existence of the privileged communication rule if the accountant is certified.
B) The privilege of confidentiality is available regarding working papers since the accountant is deemed to own them.
C) The privilege of confidentiality is as widely available as the attorney-client privilege.
D) The law does not recognize the existence of the privileged communication rule between accountants and their clients.
Correct Answer:
Verified
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