As pointed out in this case, the SEC does not require public companies to have their quarterly

Question:

As pointed out in this case, the SEC does not require public companies to have their quarterly audited. What responsibilities, if any, do audit firms have with regard to the quarterly of their clients?
In your opinion, should quarterly be audited? Defend your answer.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...