Question: Explain if, and why an accountant will be held liable to its client, 3rd party intended users of the financial statements and audits it prepares

Explain if, and why an accountant will be held liable to its client, 3rd party intended users of the financial statements and audits it prepares for its client, and to reasonable foreseeable users of the work it prepared for its client. Be sure to identify who reasonable foreseeable users would be and why they are included.

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