Under Which of the Following Tests Is an Accountant Held

question 64

Multiple Choice

Under which of the following tests is an accountant held liable to any third party that was or should have been foreseen as a possible user of the accountant's work product and that, in fact, did use and rely upon that work product for a proper business purpose?

• A) The Reasonably Foreseeable Users Test
• B) The Restatement Test
• C) The Privity Test
• D) The Near Privity Test
• E) The Ultramares Rule

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Definitions:

Expressive Aphasia

A neurological condition characterized by the impaired ability to produce language, despite often retaining comprehension abilities.

Stroke

A medical condition where poor blood flow to the brain results in cell death, leading to potential loss of functions such as movement or speech.

Afferent Neurons

Nerve cells that carry sensory information from the body's periphery towards the central nervous system.

Efferent Neurons

Nerve cells that carry neural impulses away from the central nervous system to effectors such as muscles and glands.