Which of the following provides the broadest standard for holding accountants liable to third parties for negligence?
A) due diligence defense
B) the foreseeability standard
C) the Ultramares doctrine
D) nolo contendere

Question

Quizplus · Accepted Answer

The foreseeability standard provides the broadest basis for holding accountants liable to third parties for negligence because it encompasses any parties that could reasonably be foreseen to rely on the accountant's work, not just those with whom the accountant has a direct contractual relationship.

Which of the Following Provides the Broadest Standard for Holding