Which of the following statements is true about the Ultramares Doctrine?
A) It protects accountants against lawsuits from their clients.
B) It holds accountants liable only to those in a privity-of-contract relationship with the accountant.
C) It holds accountants liable to a limited class of intended users of the information.
D) It is followed by all the states of the U.S.
Correct Answer:
Verified
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