The Credit Alliance Approach to the Concept of Foreseen Users

question 116

True/False

The Credit Alliance approach to the concept of foreseen users states that to be liable to third parties, an auditor (1) must know and intend that the work product would be used by the third-party for a specific purpose, and (2) the knowledge and intent must be evidenced by the auditor's conduct.

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Definitions:

Bandura

Albert Bandura, a renowned psychologist best known for his social learning theory, emphasizing the importance of observational learning, self-efficacy, and self-regulation.

Watson

John B. Watson, an American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior.

Puzzle Box

An experimental device used in animal psychology to study trial-and-error learning, notably by Edward L. Thorndike.

Thorndike

Edward Thorndike was an influential psychologist known for his work in behaviorism and for developing the Law of Effect, which played a foundational role in the study of operant conditioning.