This assignment analyzes a hypothetical scenario involving Oasis, a company, and MYH, an audit firm, focusing on potential negligence by MYH during their audit of Oasis's financial statements. It examines the duty of care owed to third-party investors who relied on the audited accounts for investment decisions. The analysis considers relevant legal precedents, ethical standards for auditors, and the concept of reasonable foreseeability in establishing MYH's liability.