1. The accountant-client privilege covers 2. The accountant-client privilege does not apply to
3. The accountant-client privilege is recognized in
4. Working papers are the property of
5. Client records are the property of
6. An accountant who allows a third party access to working papers is violating accountant-client
7. Working papers should be retained until expiration of
8. Confidential client information may be released to third parties if approved by

1. Tax advice.

2. Criminal tax matters.

3. Majority of states.

4. An accountant.

5. The client.

6. Confidentiality.

7. Statute of limitations.

8. The client.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).

Additionally, financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining financial accounting and reporting standards for general guidance of individuals or capital providers such as investors, issuers and auditors.

1. The accountant-client privilege covers: tax advice. For example, a bank customer (client) is entitled to receive tax advice from an accountant working at the bank.

2. The accountant-client privilege does not apply to: criminal tax matters. When a tax matter has an undertone of fraud or other criminal offences, a client isn't entitled to any advice or privilege from an accountant.

3. The accountant-client privilege is recognized in: majority of states. Typically, most states in the United States of America recognizes that a client is entitled to certain legal privileges from an accountant.

4. Working papers are the property of: an accountant. It solely belongs to an accountant not a client.

5. Client records are the property of: the client. This is completely true and correct.

6. An accountant who allows a third party access to working papers is violating accountant-client: confidentiality. He or she isn't supposed to allow a third-party have access to a client's information.

7. Working papers should be retained until expiration of: statute of limitations.

8. Confidential client information may be released to third parties if approved by: the client.

united states government;

answer; community based corrections;