Duty of care Lansdown and Interurban, LLP issued an unqualified audit report on Inner Harbour Shoe Company. Inner Harbour is located in Victoria, BC and is listed on the TSX Venture Exchange, a Canadian Stock Market Exchange. During Lansdown and Interurban's initial risk assessment process, it learned that Inner Harbour was refinancing its bank loan. The bank was anxious to receive the company's audited financial statements to assess whether to approve the refinancing. After issuing an unqualified audit report, the TSX Venture Exchange stopped trading of the shares after a newspaper report highlighted the potential of fraud at the company. Unfortunately, the share price dropped significantly, and the company went out of business. Based on the above situation, answer the following two questions. 1. Who does Lansdown and Interurban, LLP owe a duty of care to? 2. What must the bank demonstrate to establish negligence