What is an "Accounting work product"?


R

Rocinante

I am guessing that it is self-explanatory; it is the data collected
from the work done with audits, spreadsheets, reviews, attests, etc.

I have to write about my state's code of ethics, and I must describe
my state's handling of work product. For example, some questions I
must answer: Is a work product resulting from a client confidential?
When can it be disclosed (IRS, subpoena)?
 
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P

Paul Thomas, CPA

Rocinante said:
I am guessing that it is self-explanatory; it is the data collected
from the work done with audits, spreadsheets, reviews, attests, etc.


Not necessarily. Those items are often the clients data and source
documents, and belong to the client. Your copies however.......a
questionable area to be sure, because they support your opinion and work.



I have to write about my state's code of ethics, and I must describe
my state's handling of work product. For example, some questions I
must answer: Is a work product resulting from a client confidential?
When can it be disclosed (IRS, subpoena)?


The CPA's work product is the tax return, financial statements, review and
audit report, etc........

Your work files contain copies of client data, your own worksheets and
programs, etc. Those are your documents.

I can't imagine what we do that's not confidential in nature.

Finished product can be disclosed upon the clients request or through a
court order.

What else someone gets to see would be determined by the facts and
circumstances.
 

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