CFO Edge Logo
  Home > Resources > Forensic Accounting Privilege Article  
     
 

Maintaining Privilege in a Forensic Accounting Engagement

 
  Sherry Rahbar, Partner, CFO Edge, LLC  
   
  Open as PDF Open the entire article as a PDF  
     
  Article Summary  
Within the accounting profession, forensic accounting is one of the fastest growing areas, and it is more important than ever to understand the why's and how's of maintaining privilege in a forensic accounting engagement.

Generally attorney-client privilege does not extend to a forensic accountant who is a consulting expert or a testifying expert in court, and the statutory basis for attorney work-product protection generally does not exist for accountant work-product protection.

But there are circumstances in which privilege and protection can be extended to a forensic accountant.

Discussed are five criteria that - when met - position a forensic accountant as an extension of a law firm, as well as characteristics that differentiate a testifying expert from a consulting expert and with how privilege is impacted with both.

Severe consequences can occur when attorney-client privilege is not maintained in a forensic accounting engagement, and a CFO services professional with proven forensic accounting experience can help ensure the right steps are being taken to maintain privilege.

  Open as PDF Open the entire article as a PDF  
     
Subscribe to CFO Inside Edge

Our monthly newsletter delivers first notice of new white papers and articles plus remarks on performance challenges and solutions. View past issues and subscribe.

 
 
 
CFO or Controller: What's Right for Your Business?
White Paper
CFO or
Controller:
What's Right
for Your
Business?
Outsourced CFO Services
White Paper
Outsourced
CFO Services
Performance Measurement
White Paper
Performance Measurement
Strategic Planning & Forecasting
Brief
Year-End Strategic Planning & Forecasting
Planning a Business Exit White Paper
White Paper
Planning a
Business Exit
 
CFO Edge Blog CFO Edge on Twitter CFO Edge on LinkedIn
 
Intuit Certifications