In Some States an Exculpatory Clause Protects the Accountant from a Malpractice

question 2

True/False

In some states an exculpatory clause protects the accountant from a malpractice suit brought by a third party but not from a suit brought by a client.

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Definitions:

Matter

Anything that occupies space and has mass, composed of atoms or molecules and is the substance that makes up the physical universe.

States

Different forms in which matter can exist, typically observed as solid, liquid, gas, and plasma.

Solid

A state of matter characterized by particles that are closely packed together, resulting in a fixed volume and shape.

Liquid

A state of matter characterized by a definite volume but no fixed shape, conforming to the shape of its container.