The Privity Rule Prevents the Filing of an Accounting Malpractice

question 18

True/False

The privity rule prevents the filing of an accounting malpractice lawsuit by a third party against an accountant.

---

Definitions:

Verbal Persuasion

The use of oral communication to convince or influence others to adopt a specific viewpoint or action.

Physiological State

The condition of the body's normal functions and processes, often in response to environmental or psychological factors.

Social Recognition

The acknowledgment or appreciation of an individual or team's behavior, effort, or achievements by their peers or society.

Self-Regulation

The ability of an individual to manage and control their emotions, thoughts, and behaviors in pursuit of long-term goals.