In some states, an accountant is potentially liable to any user who relies on the professional's statement or report whether or not the reliance was foreseeable.

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nelsy morales · Accepted Answer

Final Answer : False, Explanation :  In most states, an accountant's liability to third parties is limited to those whom the accountant knew would rely on the financial statements, not just any foreseeable user.

In some states, an accountant is potentially liable to any user who relies on the professional's statement or report whether or not the reliance was foreseeable.

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