When shareholders use audited statements as the basis for their investment decisions,court imposed policy has shaped the law to consider this use outside the intended statutory purpose of the audit.In so doing,the courts have allowed the professional to be released from any duty of care to these individuals for any investment losses incurred as a result of relying on the audit.

Question

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The first line of the given text states that "When shareholders use audited statements as the basis for their investment decisions, court imposed policy has shaped the law to consider this use outside the intended statutory purpose of the audit." This means that the courts have allowed shareholders to use audited statements for purposes other than what they were originally intended for, such as making investment decisions.

When Shareholders Use Audited Statements as the Basis for Their