MoneyBank (‘theBank’) received an application for a loan from a company (‘the Loan’). The company submitted a copy of the company’s annual report to theBank to support the application. The report, which was an unqualified one, contained negligent misstatements by the auditors preparing the report. In reliance upon the report, theBank granted the Loan to the company.Required:In relation to professional negligence: (b)Advise whether the auditors would owe a duty of care to MoneyBank if the auditors gave the report to them directly with the knowledge that theBank would rely on the report to determine the granting of the Loan. (5 marks)