You are an associate at ABC LLP, a forensic accounting firm. Your company is retained by the Law Firm that is representing a client. The client, the former CFO of the Public Company, is being investigated by the SEC and FBI for running a large accounting fraud scheme and funneling money to his own account after allegedly falsely invoicing sales during 2013 and 2014. The Auditing Firm, which was recently terminated, audited the Public Company and issued opinion letters in connection with the Public Companys 2013 and 2014 annual reports. You are just getting up to speed on the case, but the ABC Partner asked for you to help analyze the issue in connection with the Law Firm.

1. Identify AND describe the SEC laws that may come into play with regard to the Auditing Firms involvement

2. Identify at least five questions you would want to ask the SEC in order to better understand the allegations. Describe your understanding of what the SEC can, or cannot, share about the source(s) of its information. Provide at least three examples of the types of information the SEC can request