One thing you should never do with a client, especially when dealing with high net worth individuals, is to compromise their trust or confidentiality. Maintaining the confidentiality of client information is paramount in the CPA industry, as high net worth individuals often entrust their CPAs with sensitive financial and personal information.

Sharing confidential information without the client’s consent, whether intentionally or unintentionally, can lead to severe consequences, including legal and ethical violations, damage to the CPA-client relationship, and reputational harm for the CPA firm.

Therefore, it’s crucial for CPAs to uphold the highest standards of confidentiality and integrity, respecting client privacy and safeguarding their information at all times. This includes implementing robust security measures to protect client data, obtaining explicit consent before disclosing any information, and strictly adhering to professional codes of conduct and legal regulations governing client confidentiality.