Under which of the following tests is an accountant liable to any third - 24328

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Request Description

Under which of the following tests is an accountant liable to any third party who was or should have been foreseen as a possible user of the accountant’s work product and who did in fact use and rely on that work product for a proper business purpose?
 
Near- privity test
 
Restatement test
 
Reasonably foreseeable users test
 
Ultramares rule
                                       

Solution Description

Under which of the following tests is an accountant liable to any third party who was or should have been foreseen as a possible user of the accountant’s work product and who did in fact use and rely on that work product for a proper business purpose? Near- privity test Restatement test R