Which of the following rules provides that an accountant is liable only for negligence to third parties who are members of a limited class of intended users of the client's financial statements?
A)Section 552 of the Restatement (Second)of Torts
B)the foreseeability standard
C)the Ultramares doctrine
D)the due diligence defense

Question

Quizplus · Accepted Answer

Section 552 of the Restatement (Second) of Torts limits an accountant's liability for negligence to third parties who are members of a limited class of intended users of the client's financial statements, distinguishing it from broader or more general standards of liability.

Which of the Following Rules Provides That an Accountant Is