1)In the U.S., if the auditor can demonstrate having performed services with the same degree of skill and judgment possessed by others in the profession, it can be said to have exercised:

a)Due Care

b)Nonfeasance

c)Scienter

d)Prudence

2)The Restatement (Second) of Torts Approach:

a)Limits an accountant's legal liability to only those parties that have been named by the client

b)Expands an accountant's legal liability to all possible users of the audited financial statements

c)Limits an accountant's legal liability to only those parties with which it has a privity relationship

d)Expands an accountant's legal liability to third parties identified by the client as intended recipients of work