Ben Is an Accountant Whose Clients Include Capital Inc

question 24

Multiple Choice

Ben is an accountant whose clients include Capital Inc. Under the Ultramares rule, if Ben is negligent in his work for Capital, he could be liable to the client and

• A)any third party.
• B)no third party with whom the accountant is not in privity or "near privity."
• C)third parties who are foreseen users of the work.
• D)third parties who are reasonably foreseeable users of the work.

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Definitions:

Long-range Plans

Long-range plans are strategic frameworks that outline an organization's goals and objectives over an extended period, often spanning several years into the future.

Committee

A group of individuals designated to perform a specific task or to deliberate on a particular issue within an organization.

Organizational Structure

Describes the way in which a company or organization is arranged, including the roles, responsibilities, and communication methods between members.

Entire Group

The whole set or total number of individuals within a defined category or team, without exclusion.