Which of the following statements is true regarding legal liability as it relates to this scenario?

Ahmad & Partners owes a duty of care to Chan.

Canada Bank is owed a duty of care because it hired the auditor.

Xing Investments is owed a duty of care because it used the audited financial statements.

All shareholders of Chan are owed a duty of care because they rely on the audited financial statements issued by the auditor.

Ahmad & Partners owe a duty of care to all potential investors that may use the financial statements when making an investment decision.