An accountant may be able to raise the defense of the ______ in a malpractice suit by a third party.

Question

Quizplus · Accepted Answer

The lack of privity defense states that because there is no direct contractual relationship between the accountant and the third party, the accountant cannot be held liable for any damages suffered by the third party. This defense is commonly raised in malpractice suits brought by third parties. The other options listed are not applicable defenses for this scenario.

An Accountant May Be Able to Raise the Defense of the ______