An Entity Not in Privity with an Accountant Is Prohibited

question 32

True/False

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

---

Definitions:

Risk of Cancer

The probability or chance that an individual will develop cancer over a certain period of time, often influenced by genetic, environmental, and lifestyle factors.

Orange Juice

A liquid extract of the orange tree fruit, high in vitamin C and often consumed as a beverage.

Correlation Coefficients

A statistical measure that indicates the extent to which two or more variables fluctuate together.

Relationship

A connection, association, or involvement between two or more individuals, groups, or entities.