True/False
An accountant is generally not liable for damages if the accountant fails to inform a client of the tax consequences associated with selling a business.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: Under the flexible rule some courts have
Q13: An accountant guilty of malpractice can be
Q14: Unidentified members of a certain class may
Q15: When the privity rule is applied, a
Q16: One of the concerns reflected in Sarbanes-Oxley
Q18: The privity rule prevents the filing of
Q19: According to the intended user rule the
Q20: The standards for accountants' professional liability can
Q21: A person not in privity with an
Q22: Disclaimers of liability are not valid, even