The is a rule making accountants liable only to those in a privity-of-contract relationship with the accountant.

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The rule making accountants liable only to those in a privity-of-contract relationship with the accountant is known as the Ultramares Doctrine, which was established in the Ultramares Corporation v. Touche case in 1931. This rule limits the scope of liability for accountants and restricts who can sue accountants for negligence to only those who have a direct contractual relationship with them.

The Is a Rule Making Accountants Liable Only to Those