Read the overview below and complete the activities that follow. 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). CONCEPT REVIEW: The three approaches that regulate auditor responsiblity create conflicting precedents relative to auditor liability for negligence. Variants of each approach exist in every state, Part 1 - Drag and Drop Roll your cursor over each and, based on the hint given, match the established precedent to the correct Third Party Liability Approach. Third party must prove existence of scienter Ultramares Approach Restatement Approach Rosenblum Approach Auditors must prove due diligence Auditors must prove due diligence Reset