In Some States, an Accountant Is Potentially Liable to Any

question 3

True/False

In some states, an accountant is potentially liable to any user who relies on the professional's statement or report whether or not the reliance was foreseeable.

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Definitions:

Social Norms

Unwritten rules or expectations for behavior within a society or group, guiding members on what is considered acceptable or standard.

Aptitude

A natural ability or talent that allows an individual to learn or perform certain tasks efficiently.

Natural Talents

Innate abilities or aptitudes that an individual possesses, which can be enhanced with practice and dedication.

Persistence

The continued effort to do or achieve something despite difficulties, failure, or opposition.