Which of the following statements is correct regarding an accountant’s working papers?
- The accountant owns the working papers and generally may disclose them as the accountant sees fit.
- The client owns the working papers but the accountant has custody of them until the accountant’s bill is paid in full.
- The accountant owns the working papers but generally may not disclose them without the client’s consent or a court order.
- The client owns the working papers but, in the absence of the accountant’s consent, may not disclose them without a court order.