Question
Case Scenario A: A local accounting firm carelessly prepared audited financial statements for Twin Elms Property Inc., knowing that these statements would be used to
Case Scenario A:A local accounting firm carelessly prepared audited financial statements for Twin Elms Property Inc., knowing that these statements would be used to lure new investors.Mrs. Harris relied on these statements in her decision to invest in Twin Elms Property Inc.Later she learned that the firm was not as profitable as the incorrect financial statements had indicated and she suffered financial loss.She sued the accounting firm for negligent misstatement.Was a duty of care owed to Mrs. Harris by the third-party accountant firm?Which Supreme Court of Canada case (from the textbook) would support Mrs. Harris's claim?
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