Under the Reasonably Foreseeable Users approach:
A) the accountant could be liable to third parties who are unknown but reasonably foreseeable users.
B) a negligent accountant is exposed to lesser liability than in the Restatement approach.
C) the accountant could be liable to third parties who are specifically foreseeable users.
D) a negligent accountant is exposed to lesser liability than in the Ultramares approach.
Correct Answer:
Verified
Q29: The Restatement approach to third-party negligence suits
Q30: An accountant's duty of care:
A)is limited to
Q31: Under the near privity approach,accountants may be
Q32: A showing of fraud requires:
A)comparative negligence.
B)inadvertent error.
C)scienter.
D)contributory
Q33: Rowell and Associates,a CPA firm,was engaged by
Q35: Under Rule 10b-5 of the 1934 Act:
A)the
Q36: The Ultramares approach is a:
A)strict privity approach.
B)near
Q37: Under the Balancing Approach,the third party:
A)cannot recover
Q38: Which of the following is true of
Q39: Under Section 11(a)of the 1933 Act,accountants:
A)are liable
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