Suidooster CC is currently busy preparing for the independent review of its 2022 financial year. They had a fantastic year behind them and are very excited about the upcoming financial statements. They however wonder if this will result in them having to do an audit for the 2022 financial year. The financial statements are not internally compiled. Mr. Jacobs is the Independent Reviewer from Irvin and Johnson Incorporated. He is reviewing the financial information to determine if it is necessary to do an audit. The following information relating to the 2022 financial year is available: - The number of employees was 50 on 1 January 2022 and 44 on 31 December 2022. - Third-party liabilities increased from R25 million to R42 million at 31 December 2022. - Members for the last three years are a total of eight. - Turnover for the year is R250 million. 1.1 With the introduction of the Companies Act 71 of 2008 the formation and administration of companies have been simplified to the extent that the option of a close corporation as a business entity has been withdrawn. Advise how this will affect Suidooster CC. Discuss the possible options that Suidooster CC is faced with. (10 marks) 1.2 Calculate the Public Interest Score for Suidooster CC and discuss the need for an audit required in terms of the Close Corporations Act 71 of 2008. (15 marks) 1.3 Assume that there is a request to increase the number of members of Suidooster CC to 15. Explain in terms of the Close Corporations Act 69 of 1984 how they can go about increasing the number of members to 15 . (4 marks) 1.4 Assume Suidooster CC is not allowed to increase the number of members to 15 , advise Suidooster CC of the steps they must follow to convert their CC into a company