The Known User Rule Imposes Liability on the Accountant for Malpractice

question 51

True/False

The known user rule imposes liability on the accountant for malpractice when he can foresee the parties who will rely on his work in the financial statements.

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Definitions:

Contingency Management

Contingency management is a behavioral therapy technique where desirable behaviors are reinforced with rewards, while undesirable behaviors are not, to promote behavior change.

Meta-analytic Studies

Research methods that statistically combine results from multiple studies on the same topic to derive conclusions about that topic's significance or effects.

Cognitive-behavioral Therapy

A form of psychotherapy aimed at changing negative thought patterns and behaviors in order to treat psychological disorders.

Bulimia

An eating disorder characterized by episodes of binge eating followed by inappropriate methods of weight control, such as vomiting or excessive exercise.