Under the foreseeability standard, an accountant is liable even if he or she had no knowledge of the intended user of the audited financial statements.

Question

Quizplus · Accepted Answer

Under the foreseeability standard, an accountant is held liable for any foreseeable users of the audited financial statements, regardless of whether or not the accountant had knowledge of their intended use.

Under the Foreseeability Standard, an Accountant Is Liable Even If