The Ultramares case holds auditors to a higher level of responsibility than the Rosenblum v.Adler case in terms of common law liability to third parties.

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The Ultramares case established a more restrictive standard for auditor liability to third parties, requiring privity or a near-privity relationship, whereas Rosenblum v. Adler adopted a more expansive view, allowing third parties to sue auditors under certain conditions.

The Ultramares Case Holds Auditors to a Higher Level of Responsibility