Which of the Following Statements Is True of Accountants' Liability

Multiple Choice

Which of the following statements is true of accountants' liability to third parties in breach of contract and fraud cases?

A) An accountant is liable to a third party for fraud only if the accountant has committed constructive fraud.
B) An accountant is not liable to a third party for fraud as the accountant is not in privity of contract with the third party.
C) An accountant is not liable to a third party in breach of contract cases as the accountant is not in privity of contract with the third party.
D) An accountant is liable to a third party for breach of contract if the accountant willfully refuses to perform the terms of the contract.