Accountant–client privilege

Okay kiddo, have you ever heard of a secret? It's something that you don't tell anyone else because it's private, right? Well, just like how you have secrets, adults also have secrets. But sometimes, they need to tell someone else their secrets so they can get help. This is where accountants come in!

You know what an accountant is, right? They're the people who help other people with their money. They help you keep track of how much money you have and how much you spend. But sometimes, people need to tell their accountant things that are private and they don't want anyone else to know.

That's where "accountant-client privilege" comes in. It's like a code of conduct that accountants follow. It means that whatever their client tells them, they have to keep it a secret. They can't tell anyone else, not even the police or a judge.

Now, there are some exceptions to this rule, like if someone is in danger or if the law says the accountant has to tell someone. But otherwise, accountants have to keep their client's secrets. It's important because it means that people can trust their accountants and feel safe telling them things that they might not tell anyone else.

Does that make sense, little one?