The duty of care that third-party users of audited financial statements generally must prove differs between the various states based upon court cases.The foreseeable rule is the one most extensively utilized among the states.

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The "foreseeable rule" is not the most extensively utilized standard; rather, the "restatement rule" and the "Ultramares doctrine" are more commonly applied in determining the duty of care owed by auditors to third-party users of financial statements.

The Duty of Care That Third-Party Users of Audited Financial