Multiple Choice
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
Correct Answer:
Verified
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