Which of the following statements is true of accountants' liability?
A) The plaintiff only has to prove breach of duty in malpractice actions against accountants that are based on negligence.
B) All states follow the same guidelines to determine to whom an accountant can be held liable.
C) The Ultramares Doctrine allows third parties to sue accountants.
D) The smallest minority of states holds the accountant liable to any reasonably foreseeable user of the statement the accountant prepares.
Correct Answer:
Verified
Q89: According to , the accountant is liable
Q90: The broadest rule to define the parameters
Q91: Section 552 of the Restatement (Second) of
Q92: Most service liability cases involve services provided
Q93: New Zealand's Accident Compensation Act provides for
Q95: The is a rule making accountants liable
Q96: Section 552 of the Restatement (Second) of
Q97: Which of the following statements is true
Q98: Which of the following has an issue
Q99: Which of the following statements is true
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents