This problem requires determining the type of tax law authority and the relative importance within that authority category.Indicate "1" for the highest-ranking item within each category.Indicate "2" for the next-highest ranking item within each category.Each column may have zero,one,or more items ranked. 
Definitions:
Privity
The relationship between parties that are legally participating in the same transaction or agreement.
Accountant Negligence
A situation where an accountant fails to perform their duties with the required level of care and accuracy, leading to financial loss.
Professional Standards
The established practices, behavior, and ethical guidelines that professionals are expected to adhere to in their occupation.
Liability Threat
A potential for being held responsible under law for injury or damage, posing a risk to individuals or organizations.
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