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48 louie uditore cpa is an accountant with offices in

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48.Louie Uditore, CPA, is an accountant with offices in California and New York.Louie learned that his client isperpetrating a large-scale interstate fraud.The Federal Bureau of Investigation (FBI) contacts Louie about the crime.What is true?A.Louie may assert the Accountant-Client privilege and refuse to disclose information to the FBIB.There is no federal Accountant-Client privilege.C.Louie must get his client’s permission before talking to the FBID.Only if in New York may Louie assert the Accountant-Client privilege
ANSWER: ______QUESTIONS 49 and 50:One late afternoon Ruoxing Kuàijì, CPA, is directed by her firm’s Managing Partner to write a letter to a Bank assuring itthat their client Threadbare Industries is solvent. The letter must be sent by 5:00 pm.Unfamiliar with the client’s financialcondition and lacking the time to determine it, Ruoxing reluctantly drafts the letter and mails it to the Bank that same day.49.What has the Managing Partner requested Ruoxing to write?
ANSWER: ______50.What is the result if the Bank relies on Ruoxing’s letter, lends the client money, and the client goes bankrupt?
ANSWER: ______
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Term
Fall
Professor
professor_unknown
Tags
Common Law, Tort Law, robbery, Robby

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