CHAPTER 14. CLIENT RECORDS

IC 25-2.1-14
    Chapter 14. Client Records

IC 25-2.1-14-1
Confidentiality preserved
    Sec. 1. A certified public accountant, a public accountant, anaccounting practitioner, or any employee is not required to divulgeinformation relative to and in connection with any professionalservice as a certified public accountant, a public accountant, or anaccounting practitioner.
As added by P.L.30-1993, SEC.7.

IC 25-2.1-14-2
Disclosures required by standards of profession
    Sec. 2. The information derived from or as the result ofprofessional services is confidential and privileged. However, thissection does not prohibit a certified public accountant, a publicaccountant, or an accounting practitioner from disclosing any datarequired to be disclosed by the standards of the profession:
        (1) in rendering an opinion on the presentation of financialstatements;
        (2) in ethical investigations conducted by private professionalorganizations;
        (3) in the course of quality reviews; or
        (4) in making disclosure where the financial statements or theprofessional services of an accountant are contested.
As added by P.L.30-1993, SEC.7.

IC 25-2.1-14-3
Property rights in client records and reports of licensee
    Sec. 3. All statements, records, schedules, working papers, andmemoranda made by a licensee or a partner, a member, ashareholder, an officer, a director, or an employee of a licensee,including information prepared by the client for the work andservices rendered to a client in the practice of accountancy, exceptthe reports submitted by the licensee to the client and records that arepart of the client's records, must remain the property of the licenseeexcept in an express agreement between the licensee and the clientto the contrary.
As added by P.L.30-1993, SEC.7.

IC 25-2.1-14-4
Transfer of records without consent of client; prohibition
    Sec. 4. A statement, record, schedule, working paper, ormemorandum may not be sold, transferred, or bequeathed without theconsent of the client or the client's personal representative orassignee, to anyone except for surviving partners, members,stockholders, new partners, or new stockholders of the licensee, orany combined or merged firm or successor in interest to the licensee.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-14-5
Quality review use of papers; duration of record keeping requiredof licensee
    Sec. 5. (a) This chapter does not prohibit a temporary transfer ofwork papers or other material necessary to carry out quality reviewsor to comply with the disclosure of information under this chapter.
    (b) A licensee is not required to keep any work paper beyond theperiod prescribed in any applicable statute.
As added by P.L.30-1993, SEC.7.