There are three (3)major rule of liability that a state can adopt in determining whether an accountant is liable in negligence to third parties: (1)the Supramares doctrine; (2)Section 552 of the Restatement (Second)of Torts; and (3)the reasonableness standard.
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Q34: The Ultramares doctrine is the majority rule
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Q40: A violation of generally accepted accounting principles
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