A CPA can disclose confidential information about a client in only three situations:
Ø With consent, preferably in writing, of the client
Ø As required by agencies that regulate the client, such as the SEC, banking regulatory agencies
Ø As required by a subpoena in a lawsuit.Even in the last two situations, the client should be notified prior to disclosing such information and approval obtained.
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Ø With consent, preferably in writing, of the client
Ø As required by agencies that regulate the client, such as the SEC, banking regulatory agencies
Ø As required by a subpoena in a lawsuit.Even in the last two situations, the client should be notified prior to disclosing such information and approval obtained.
Check out PS&CO their site provides helpful information about business accounting.
