Federal Insurance Co. v. Arthur Anderson & Co.

OPINION

O’BRIEN, Justice.

We granted the appeal in this case to address important questions concerning the scope of the privilege granted under the provisions of T.C.A. § 62-1-116 relative to information communicated or obtained by an accountant by reason of the confidential nature of their employment.

The plaintiff, Federal Insurance Company, is engaged in the business of providing construction performance and payment bonds, and is licensed to do business in the State of Tennessee. Defendant, Arthur Anderson & Co., is a partnership of certified public accountants with an office in Nashville,…