Which of the Following Rules Provides That an Accountant Is

question 11

Multiple Choice

Which of the following rules provides that an accountant is liable only for negligence to third parties who are members of a limited class of intended users of the client's financial statements?

• A) Section 552 of the Restatement (Second) of Torts
• B) the foreseeability standard
• C) the Ultramares doctrine
• D) due diligence defense

---

Definitions:

Account Penetration

A sales and marketing strategy involving deepening business relationships with existing customers through the sale of additional products or services.

Maximum Sales

The highest potential or actual sales volume that can be achieved under current market conditions and operational capabilities.

Sales Wisdom

The accumulated knowledge and experience about effective sales techniques, customer behavior, and market dynamics.

Product Line

A group of related products that are marketed under a single brand name by the same company.