The Restatement (Second) of Torts Approach

question 66

Multiple Choice

The Restatement (Second) of Torts Approach:

• A) Expands an accountant's legal liability to third parties identified by the client as intended recipients of work
• B) Limits an accountant's legal liability to only those parties with which it has a privity relationship
• C) Limits an accountant's legal liability to only those parties that have been named by the client
• D) Expands an accountant's legal liability to all possible users of the audited financial statements

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Definitions:

Output Activity

Measures of the amount of work performed or products produced by a company or a specific process within a given period.