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:

Squamous Epithelial Cells

Flat, scale-like cells that form the outermost layer of the skin and line the oral cavity, esophagus, and other organs.

Alkaloids

Naturally occurring chemical compounds containing basic nitrogen atoms, often found in plants and possessing pharmacological effects.

Gustatory Cortex

Brain region involved in the perception of taste.

Medulla Oblongata

A part of the brainstem crucial for controlling autonomic functions such as breathing, heart rate, and blood pressure.