Protected individuals under the Restatement view of tort liability for an accountant include potential investors and the general public.

Question

Quizplus · Accepted Answer

The Restatement view of tort liability for an accountant primarily extends protection to those persons, or a limited class of persons, whom the accountant or auditor is aware will be relying on the financial statements or reports. This does not broadly include potential investors or the general public unless specifically intended by the accountant to rely on the work.

Protected Individuals Under the Restatement View of Tort Liability for an Accountant