The accountant may be liable to a third party for negligence

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Accountants may be liable to clients under a contract, tort and breach of trust theory. Give an example of a situation where each of these theories might apply.

Under common law, an accountant may be liable to a third party for negligence. Under traditional law of negligence, that party should be a foreseeable user of the accountant's work product. Give an example of a third party who might be able to recover damages from an accountant under this theory.

Reference no: EM13218144

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