The court found that the addressing of audit reports to the shareholders, while not conclusive, is a

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The court found that the addressing of audit reports to the shareholders, while not conclusive, is a strong indication that P&T intended the shareholders to rely upon them. Do you agree, in general, that addressing the reports to a class of owners should be sufficient to hold an auditor legally liable to any shareholder who can demonstrate a lack of reasonable care? What about in applying the facts of this case? Would your conclusion change? Explain.

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