Under the Ultramares decision,an accountant is liable only to those with whom the accountant is in privity of contract or a privity-like relationship.

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The Ultramares decision established that an accountant is only liable to those with whom they have a direct contractual or professional relationship, or a relationship that is similar to privity of contract. This is commonly known as the privity rule.

Under the Ultramares Decision,an Accountant Is Liable Only to Those