Discussion:Peer Review Client Confidentiality

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Discussion Forum Index --> General Chat --> Peer Review Client Confidentiality


Jeff-Ohio (talk|edits) said:

5 November 2012
We have a Peer Reviewer coming in late this week from another CPA firm. We now have the upper level of review performed due to ONE outside audit.

Long story short, there is a question regarding client confidentiality and have we (our firm) taken the necessary steps.

The PR selected two comps with disclosure and the audit. Do we need to black out the names, addresses, etc of the clients she selected? What about the bank statements and other financial institutional information that may be in the perm. file?

Wiles (talk|edits) said:

7 November 2012
The Peer Reviewer is working for you. Sort of like a contractor. I recommend an engagement letter that includes a client confidentiality clause.

Don't worry about the workpapers. They don't look at that.

Podolin (talk|edits) said:

7 November 2012
Reg. 301.7216-2(o) allows it.

Podolin (talk|edits) said:

7 November 2012
It's also acknowledged indirectly in Circular 230, Sec 10.51(a)(15).

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