Multiple Choice
________ is a rule that says that an accountant is liable only for negligence to third parties who are in privity of contract or in a privity-like relationship with the accountant.
A) The foreseeability standard
B) The Ultramares doctrine
C) Due diligence defense
D) Disclaimer of opinion
Correct Answer:
Verified
Correct Answer:
Verified
Q61: Under the Sarbanes-Oxley Act,in order to audit
Q62: Which of the following opinions would an
Q63: _ imposes civil liability on accountants and
Q64: Under the common law,accountants may be held
Q65: A person cannot be imprisoned under Section
Q67: Ronald is an independent accountant.He is hired
Q68: Mary is an accountant who was hired
Q69: While conducting an audit,an auditor must verify
Q70: Section 11(a)of the Securities Act of 1933
Q71: The Financial Accounting Standards Board (FASB)issues new