7. The CEO of Along Loan Company had a genuine dislike for external auditors. Almost any conflict generated a towering rage. Consequently, the company changed auditors often. Well \& Alley firm was recently hired to audit the 2017 financial statements. W\&A succeeded the firm of Candy \& Co, which had obtained the audit after Albert \& Hubby had been fired. A&H audited the 2016 financial statements and rendered a report that contained an additional paragraph explaining an uncertainty about Along Loan Company's loan loss reserve. Goodbye A\&H! The CEO then hired C\&C to audit the 2016 financial statements, and Candy started the work, but before the audit could be completed, Candy was fired and W\&A was hired to complete the audit. C\&C did not issue an audit report because the audit was not finished. Required: Does the W\&A firm need to initiate communications with C\&C? With A\&H? With both? Explain your response in terms of the purposes of communications between predecessor and successor auditors. 7. The CEO of Along Loan Company had a genuine dislike for external auditors. Almost any conflict generated a towering rage. Consequently, the company changed auditors often. Well \& Alley firm was recently hired to audit the 2017 financial statements. W\&A succeeded the firm of Candy \& Co, which had obtained the audit after Albert \& Hubby had been fired. A&H audited the 2016 financial statements and rendered a report that contained an additional paragraph explaining an uncertainty about Along Loan Company's loan loss reserve. Goodbye A\&H! The CEO then hired C\&C to audit the 2016 financial statements, and Candy started the work, but before the audit could be completed, Candy was fired and W\&A was hired to complete the audit. C\&C did not issue an audit report because the audit was not finished. Required: Does the W\&A firm need to initiate communications with C\&C? With A\&H? With both? Explain your response in terms of the purposes of communications between predecessor and successor auditors