To whom does an accountant have potential liability?

A) To his client only.
B) To an intended third party beneficiary.
C) To a foreseen user of the accountant's work.
D) An accountant may be liable to all of these.

Potential Liability

Potential liability refers to the possibility that a person or entity may be held legally responsible for actions or consequences in the future.

Third Party

An entity or individual not directly involved in a legal contract or agreement, but that may be affected by it or participate in certain transactions.

Accountant's Work

Professional activities undertaken by an accountant, including auditing, financial reporting, and tax planning.