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Flashcards in Final - Ch .20 Deck (4)
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1

A tort is a breach of contract for which civil action may be taken (T/F)

False

2

An auditor can be sued by a client for negligence under common law (T/F)

True

3

General standard of performance owed by an accountant in his or her professional work is to...

Exercise the skill and care of a the ordinarily prudent accountant in the same circumstances

4

Under the "Ultramares" doctrine, to what parties will an accountant be liable for negligence?

Privity but not foreseen parties