In this case, the researcher has discussed various scenarios related to the accountant and internal audit.

In this scenario, it could be seen that loan has taken by Hambones Inc from First State Bank.

They also get supplies of sauce from sauce supply.

This research the researcher has to answer the respective question provided according to the scenario.

The question deals with the accounting standard of care, Ultrmares rule, restatement rule and foreseeable rule.

Question 1: What standard of care applies to Able and Henderson's accounting work for Hambones Inc.?

Question 2: Does Able and Henderson face any negligence liability to First State Bank or Sauce Supply in a state that has adopted the Ultramares rule?

Question 3: In a state that has adopted the Restatement rule?

Question 4: In a state that has adopted the Reasonably Foreseeable User rule?