The Privity Rule Prevents the Filing of an Accounting Malpractice

question 18

True/False

The privity rule prevents the filing of an accounting malpractice lawsuit by a third party against an accountant.

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Definitions:

University Student

An individual enrolled in a higher education institution to pursue academic degrees or professional qualifications.

Electroconvulsive Therapy

A medical treatment involving the application of brief electrical pulses to the brain under anesthesia to treat severe psychiatric conditions, such as major depression.

Depressive Symptoms

Clinical manifestations associated with depression, including persistent sadness, loss of interest or pleasure, fatigue, and changes in sleep or appetite.

Relapse

The return of an illness or disorder after a recovery.