▁required ▁to ▁give ▁in ▁their ▁financial ▁statements . ▁ ▁A ▁second ▁major ▁change ▁was ▁in ▁the ▁approach ▁account ants ▁took ▁to ▁their ▁job . ▁Pre viously ▁the ▁attitude ▁was ▁that ▁account ants ▁were ▁only ▁required ▁to ▁do ▁their ▁legal ▁duty , ▁but ▁after ▁the ▁Royal ▁Mail ▁Case ▁account ants ▁were ▁more ▁and ▁more ▁expected ▁to ▁use ▁their ▁eth ical ▁and ▁moral ▁jud g ement ▁in ▁making ▁dec isions . ▁Contempor aries ▁said ▁that ▁the ▁case ▁" pro bably ▁had ▁a ▁greater ▁impact ▁on ▁the ▁quality ▁of ▁published ▁data ▁than ▁all ▁the ▁Comp an ies ▁Act s ▁passed ▁up ▁to ▁that ▁date ". ▁The ▁case ▁" f ell ▁like ▁an ▁atomic ▁bomb ▁and ▁prof ound ly ▁dist urbed ▁both ▁the ▁industrial ▁and ▁the ▁account ancy ▁world s ", ▁and ▁has ▁been ▁linked ▁to ▁reduced ▁public ▁trust ▁of ▁big ▁business es . ▁ ▁Following ▁his ▁release ▁in ▁ 1 9 3 2 , ▁K yl s ant ▁stayed ▁mainly ▁out ▁of ▁the ▁public ▁eye ▁despite ▁a ▁brief ▁return ▁in ▁ 1 9 3 3 . ▁ ▁In flu ence ▁on ▁contract ▁law ▁The ▁case ▁also ▁affected ▁mis re presentation ▁in ▁the ▁English ▁law ▁of ▁contract . ▁A ▁mis re presentation ▁is ▁an ▁un true ▁statement ▁of ▁fact ▁that ▁indu ces ▁a ▁contract , ▁and ▁a ▁victim ▁may ▁res c ind ▁and ▁perhaps ▁be ▁awarded ▁dam ages . ▁In ▁the ▁K yl s ant ▁case , ▁the ▁court ▁held ▁that ▁the ▁prospect us , ▁though ▁" str ict ly ▁true ", ▁was ▁fra ud ul ently