Question
THIS IS APPLICABLE TO AMERICAN LEGAL SYSTEM: Explain if, and why an accountant will be held liable to: its client, to 3rd party intended users
THIS IS APPLICABLE TO AMERICAN LEGAL SYSTEM:
Explain if, and why an accountant will be held liable to:
- its client,
- to 3rd party intended users of the financial statements and auditshe prepares forhis client, and
- to reasonable foreseeable users of the workhe prepared forhis client.
Be sure to identify who reasonable foreseeable users would be and why the accountant is responsible to them in the absence of privity.
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Business Law The Ethical Global and E-Commerce Environment
Authors: Jane Mallor, James Barnes, Thomas Bowers, Arlen Langvardt
15th edition
978-0073524986, 73524980, 978-0071317658
