A Person Not in Privity with an Accountant Is Prohibited

question 21

True/False

A person not in privity with an accountant is prohibited from recovering for malpractice when the accountant had no knowledge of any use that could affect that party.

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Definitions:

Cognitive Development

The progression of learning and development of the ability to think, solve problems, and understand the world around oneself, typically studied in children.

Birth-Age 2

Refers to the infant developmental stage, characterized by rapid physical growth and cognitive development.

Animism

The belief that objects, places, and creatures all possess a distinct spiritual essence or consciousness.

Centration

A cognitive limitation in early child development where the child focuses on one aspect of a situation, neglecting other important features.