The Restatement (Second) of Torts Approach: Multiple Choice Expands an accountant's legal liability to all possible users of the
audited financial statements Expands an accountant's legal liability to third parties identified by the client as intended recipients of work Limits an accountant's legal liability to only those parties with which it has a privity relationship Limits an accountant's legal liability to only those parties that have been named by the client.
Expands an accountant's legal liability to third parties identified by the client as intended recipients of work.
Explanation:
The Restatement (Second) of Torts reveals a concept used to expand legal liability among those involved in a contabel failure. The Restatement (Second) of Torts is used in an offense situation, removing immunities from those who are not innocent but hiding under undeserved immunity because it expands the legal liability of an accountant to third parties identified by the customer as intended recipients. job.
This is what is called as the disruptive innovation and is characterized by the of the new markets and destroys the existing markets and values chain networks.
An example of this includes various manufacturing sector and have created a wave of innovations by filling the gaps through the evolution of the technology network.
