What action should j and b take

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Reference no: EM131390716

J, B & J, CPAs, has audited the Highcredit Corporation for the past five years. Recently, the SEC has commenced an investigation of Highcredit for possible violations of federal securities law.

The SEC has subpoenaed all of J, B & J's working papers pertinent to the audit of Highcredit. Highcredit insists that J, B & J not turn over the documents to the SEC. What action should J, B & J take? Why?

Reference no: EM131390716

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