Final answer:
A CPA's obligation of confidentiality does not prevent compliance with a valid and enforceable subpoena.
Step-by-step explanation:
The statement is True. A CPA's obligation of confidentiality regarding confidential client information does not prevent compliance with a valid and enforceable subpoena. When a CPA receives a subpoena requesting client information, they may be required by law to provide the requested information to the appropriate parties.