The Ultramares doctrine provides the broadest standard for holding accountants liable to third parties for negligence.

Question

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The Ultramares doctrine actually imposes a more restrictive standard, limiting an accountant's liability for negligence to third parties who are in privity of contract or those parties whose relationship with the accountant is so close as to approach that of privity.

The Ultramares Doctrine Provides the Broadest Standard for Holding Accountants