Belle and Company,Inc.,a public accounting firm,has been engaged by Starr Associates to prepare an audit.After the audit is prepared,Starr uses it,along with an unqualified opinion letter,to secure a large commercial loan.During the preparation of the audit,Belle failed to properly represent Starr's true financial condition,and soon after the loan is secured,Starr defaults.Is Belle liable to the bank? If the bank sues Belle,under which theories of liability will Belle be liable,if any?
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