Question 1 Prosper Sdn Bhd (Prosper) alleged negligence against the accountant Tan in the audit of the 2020 accounts of Peak Investments Sdn Bhd (Peak Investments). Prosper was not a member (shareholder) of Peak Investments. However, relying on the annual accounts inaccurately audited by Tan, Prosper agreed to a loan to Peak Investments and subsequently suffered financial losses. Prosper alleged that Tan, as a member of the Institute of Chartered Accountants, was bound to comply with published accounting standards and that Tan owed creditors and financiers of Peak Investments a duty to comply with those standards. Prosper further claimed that it was reasonably foreseeable that such creditors and financiers might rely on audited accounts when deciding whether to provide credit to a company. Advise Prosper of the likelihood of success of their claim citing relevant caselaw. (20 marks) Question 1 Prosper Sdn Bhd (Prosper) alleged negligence against the accountant Tan in the audit of the 2020 accounts of Peak Investments Sdn Bhd (Peak Investments). Prosper was not a member (shareholder) of Peak Investments. However, relying on the annual accounts inaccurately audited by Tan, Prosper agreed to a loan to Peak Investments and subsequently suffered financial losses. Prosper alleged that Tan, as a member of the Institute of Chartered Accountants, was bound to comply with published accounting standards and that Tan owed creditors and financiers of Peak Investments a duty to comply with those standards. Prosper further claimed that it was reasonably foreseeable that such creditors and financiers might rely on audited accounts when deciding whether to provide credit to a company. Advise Prosper of the likelihood of success of their claim citing relevant caselaw. (20 marks)