A broad interpretation of the rights of third-party beneficiaries holds that users the auditor should have been able to foresee as being likely users of financial statements have the same rights as those with privity of contract.This is known as the concept of

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The concept of "foreseeable users" holds that individuals or entities that the auditor should have reasonably foreseen as potential users of the financial statements, even if they are not party to the contract, have the same rights as those with privity of contract. This broad interpretation expands the scope of potential beneficiaries beyond those specifically named in the contract.

A Broad Interpretation of the Rights of Third-Party Beneficiaries Holds