7. Which of the following is correct concerning the professional-client privileg

Question

7. Which of the following is correct concerning the professional-client privilege and working papers produced by a consultant while working with the records of a client?

A. The client does not have a right of access to the working papers

B. Working papers are owned by the client.

C. Working papers may be transferred to another consultant without permission of the client

D. The professional-client privilege usually belongs to the client.

8. A professional has duty to perform his/her contractual duties to what standard for his/her client?

A. to ensure all the material terms of the contract have been satisfied

B. to ensure that the board of directors of the company is satisfied

C. to perform as an ordinary prudent person in the profession would perform

D. to ensure that the president of the company is satisfied  

Explanation / Answer

7. Which of the following is correct concerning the professional-client privilege and working papers produced by a consultant while working with the records of a client?

Ans: - D. The professional-client privilege usually belongs to the client.

Explanation: - The professional-client privilege usually belongs to the client. The client's permission is required to transfer the working papers to another consultant. The client can access the working papers.

8. A professional has duty to perform his/her contractual duties to what standard for his/her client?

A. to ensure all the material terms of the contract have been satisfied

Explanation: - A professional has duty to perform his/her contractual duties for his/her client to honor the terms of their contract.

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