If a CPA recklessly departs from the standards of due care when conducting an audit,the CPA will be liable to third parties who are unknown to the CPA based on

Question

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If a CPA recklessly departs from the standards of due care when conducting an audit, the CPA will be liable to third parties who are unknown to the CPA based on gross negligence. Gross negligence refers to a severe disregard for the standards of due care, and it involves conduct that is much more serious than ordinary negligence. Strict liability and criminal deceit do not apply in this case.

If a CPA Recklessly Departs from the Standards of Due