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A Disclaimer Based on Lack of Knowledge Protects an Accountant

question 50

True/False

A disclaimer based on lack of knowledge protects an accountant from malpractice liability.


Definitions:

Commercial Insurers

Private entities that provide a range of health insurance plans and policies to individuals and businesses, operating for profit.

Actuarial

Pertaining to actuaries or the statistical and mathematical methods they use to calculate risk, especially in the insurance and finance industries.

Community Risk

The potential for harm or adverse effects on a community due to external or internal variables.

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