“accountant duty of care” and “Ultramares”

  1. What is the accountant’s duty of care? 2. To whom does an accountant owe a duty of care? 3. What is the Ultramares Rule? 4. Who were the parties (plaintiff and defendant)? 5. Which Big 4 firm is the defendant today? (Each of the Big 4 represent lots of firms that were acquired over the years. Try to trace the defendant to one of the Big 4 accounting firms. 6. What does privity mean?