Chapter 14, Problem 14.10Q

To determine

Introduction:The Security Exchange Act of 1934 regulates the trading of securities and imposes reporting requirements on the companies whose securities trade on one of the stock exchanges. Companies with more than $10 million in assets and whose securities are held by more than 500 persons must file annual and other periodic reports as updates on their economic activities.

The role of public accountant in preparation of Form 10-Q, is interim report submitted to the SEC should be audited.