Common law cases are decided often by reference to established precedents or

past decisions. The three main precedents regulating auditors' liability are:

Ultramares $($known user$),$ Restatement $($foreseen user$),$ and Rosenblum

$($foreseeable user$).$

The three approaches that regulate auditor responsiblity create conflicting

precedents relative to auditor liability for negligence. Variants of each approach

exist in every state.