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.

---

Definitions:

Age Spots

Flat, brown, gray, or black spots on the skin, typically occurring in sun-exposed areas, associated with aging or sun damage.

Skin Cancer

A type of cancer that begins in the cells of the skin, often resulting from overexposure to UV radiation or other sources.

Color Change

A change in color that can indicate a variety of conditions or reactions in a biological context or material analysis.

Patch Test

A diagnostic tool used in dermatology to identify substances that cause allergic skin reactions by applying them in small patches on the skin.