In Most Courts, Accountants Are Subject to Liability for Negligence

question 42

True/False

In most courts, accountants are subject to liability for negligence only to their clients.​

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Definitions:

Membership Association

An organization founded and funded by members who share a common interest or goal, offering various benefits to members such as resources, networking opportunities, and advocacy.

Collective Good

A collective good, also known as a public good, is something that benefits all members of a community or society and is not diminished by individual use.

National Defense

The policies and actions taken by a country to protect itself against external threats.

Iron Triangle

A term that describes the policy-making relationship among the congressional committees, the bureaucracy, and interest groups.