Ernst & Young, an accounting firm, was retained by Camelot Systems Inc. to provide tax advice. Camelot
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Ernst & Young, an accounting firm, was retained by Camelot Systems Inc. to provide tax advice. Camelot also retained a law firm to provide tax and other legal advice. At all times, E&Y was working for and paid by Camelot. When the IRS investigated a merger transaction on which E&Y had worked for Camelot, it subpoenaed E&Y’s records, including communications between E&Y and Camelot. Camelot sought to quash the subpoena on grounds that the communications between Camelot and E&Y were privileged and confidential. Did the court agree?
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No The communications were not privileged because there is no accountantcl...View the full answer
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Related Book For 
Business Law The Ethical Global and E-Commerce Environment
ISBN: 978-1259917110
17th edition
Authors: Arlen Langvardt, A. James Barnes, Jamie Darin Prenkert, Martin A. McCrory
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