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IRS victory jeopardizes workpaper confidentiality
Author(s) -
Sonnier Blaise M.
Publication year - 2010
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20593
Subject(s) - surprise , victory , confidentiality , accrual , business , internet privacy , law and economics , law , computer security , political science , economics , computer science , accounting , psychology , social psychology , politics , earnings
Abstract A decision by the First Circuit Court of Appeals was a dismaying surprise to many observers. It sets a new stringent standard to claim confidentiality for tax accrual and other workpapers. What is the impact of this startling decision? What can companies do now to retain privacy for workpapers? The author examines the issues and offers some practical advice. © 2010 Wiley Periodicals, Inc.