Go to the Electronic Code of Federal Regulations $($

www$.$ecfr.gov$).$

a$.$ What Part of Title $17($Code of Federal Regulations$-$CFR$)$ applies to the form and content and

requirements for financial statements?

b$.$ If a firm is filing consolidated balance sheets with the SEC for the first time and has only been in

business less than a year, what are the requirements? Be sure to include the specific code section in

your answer.