Foreseeable third parties are best described as
A) management of the entity.
B) those third parties who have a direct relationship with auditors through previous contract related to the audit engagement.
C) those third parties who will rely on the audit and are specifically known by auditors.
D) those third parties whose decisions normally rely on audited financial statements and opinions on those financial statements.

Question

Quizplus · Accepted Answer

Foreseeable third parties are those who, although not specifically known to the auditors, are expected to rely on the audited financial statements and the opinions expressed on those statements.

Foreseeable Third Parties Are Best Described as