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

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Definitions:

Gap Junctions

Specialized structures in animal cell membranes that allow for direct communication between cells through the passage of ions and molecules.

Tight Junction

Cell junction that fastens together the plasma membrane of adjacent epithelial cells; collectively prevent fluids from leaking between the cells. Composed of adhesion proteins.

Plasmodesma

Cell junction that forms an open channel between the cytoplasm of adjacent plant cells.

Adhering Junction

Cell junction that fastens an animal cell to another cell, or to basement membrane. Connects to cytoskeletal elements inside the cell; composed of adhesion proteins.