Under Which Common Law Approach Are Auditors Most Likely to Be

question 10

Multiple Choice

Under which common law approach are auditors most likely to be held liable for ordinary negligence to a "reasonably foreseeable" third party?

• A)Due Diligence Approach.
• B)Ultramares Approach.
• C)Restatement of Torts Approach.
• D)Rosenblum Approach.

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Definitions:

Praise

The act of expressing approval or admiration for someone or something.

Action Items

Specific tasks that need to be completed in order to achieve a goal, often identified in meetings or strategic planning sessions.

Conflict

A clash of opinions or interests; a fight or struggle; an inner moral struggle; to come into opposition; a disagreement or disharmony that occurs in groups when differences regarding ideas, methods, and members are expressed.

Disagreement

A situation where two or more parties have a difference in opinion or perspective.