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Exercise 2: (45 pts) GAC, CPA radis and decided to pep of financial statcments of alocal walcr-based paint fiackry 1. What ane the are the sources of information than can be used by GAC CPA compuny to nvestigate S&S client? Do you think that the fired predecessor auditor could be one ol these sources? 2 Arter researching the company, what is the next step to consider? 3. What characteristics of S&s make GAC an undesirabilc audt cliom foe the company? Should the SkS manager follow the advice and consider onily Big 4 a s and why? 4. Plus Remanier Exercise 2: (45 pts) GAC, CPA radis and decided to pep of financial statcments of alocal walcr-based paint fiackry 1. What ane the are the sources of information than can be used by GAC CPA compuny to nvestigate S&S client? Do you think that the fired predecessor auditor could be one ol these sources? 2 Arter researching the company, what is the next step to consider? 3. What characteristics of S&s make GAC an undesirabilc audt cliom foe the company? Should the SkS manager follow the advice and consider onily Big 4 a s and why? 4. Plus Remanier