True/False
A person not in privity with an accountant is prohibited from recovering for malpractice when the accountant had no knowledge of any use that could affect that party.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q16: One of the concerns reflected in Sarbanes-Oxley
Q17: An accountant is generally not liable for
Q18: The privity rule prevents the filing of
Q19: According to the intended user rule the
Q20: The standards for accountants' professional liability can
Q22: Disclaimers of liability are not valid, even
Q23: A client may only recover tort damages
Q24: Under the _ Act, auditors are to
Q25: An accountant who is being sued by
Q26: Misrepresentation: _.<br>A) is the same as fraud.<br>B)