can anybody do number 4.1 - 4.4?

EXERCISE 4 m Fmam VPFAuulit Partners - Negligent Misstatement-Third Party (indirect) An auditing rm, Peter igmmAudit Partners (PF Audit Partners), carried out an audit of the nancial accounts of W Ltd (55mm. The audit report produced by PF Audit Partners stated that the accounts of Mwere a true and fair reection of the companyis nancial status, and that the company was nancially in a strong position. In fact, the company was in serious nancial difficulty at the time the report was prepared and written. [213153135151 Finance Corp. Ltd (mm did not hold any shares' In W. However, it provided a loan of $1 million to Mm reliance on the audit report produced by PF Audit Partners. The report was supplied to Why m. Msubsequently suffered substantial nancial loss when m went out of business and could not make the repayments owed under the loan. Mclaims that it is reasonable for creditors and nanciers to rely upon audited accounts when assessing whether or not to lend money to a company, and that this is common practice. PF Audit Partners were indeed aware that auditors' reports are often provided by corporations to prospective lenders, but they were not aware that this particular report might be provided to mm by Mk, and it was provided by WMthout PF Audit Partners' knowledge. WMshes to initiate legal proceedings against the auditor, PF Audit Partners, for the tort of negligent misstatement. Required ls We likely to succeed in an action under the tort of negligent misstatement against the auditor, PF Audit Partners? In your answer, discuss the following: 4.1 Does PF Audit Partners owe m a duty of care? 4.1 Did PF Audit Partners breach their duty of care? 4.3 Does PF Audit Partners have to pay Damages (include causation and remoteness)? 4.4 Can PF Audit Partners use any defences