Multiple Choice
A rule that says that an accountant is liable for negligence to third parties who are projected users of the client's financial statements is known as ________.
A) the foreseeability standard
B) the Ultramares doctrine
C) the due diligence defense
D) the privity of contract
Correct Answer:
Verified
Correct Answer:
Verified
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Q55: _ specify the methods and procedures that
Q56: Which of the following legislations makes it
Q57: Third parties cannot sue accountants for breach
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Q62: Which one of the following is the
Q63: Which of the following legislations provides for
Q64: Which of the following statements is true