The "known user" rule imposes liability on the accountant for negligent malpractice when he or she can foresee the parties who will rely on his work in the financial statements.

Question

Quizplus · Accepted Answer

The "known user" rule imposes liability only when the accountant knows the specific parties who will rely on the financial statements, not just foreseeable parties.

The "Known User" Rule Imposes Liability on the Accountant for Negligent