Question: J, B & J, Certified Public Accountants, has audited the High credit Corporation for the past five years. Recently, the Securities and Exchange Commission (SEC)

J, B & J, Certified Public Accountants, has audited the High credit for the past five years. Recently, the Securities and Exchange Commission (SEC) has commenced an investigation of High credit for possible violations of Federal securities law. The SEC has subpoenaed all of J, B & J’s working papers pertinent to the audit of High credit. High credit insists that J, B & J not turn over the documents to the SEC. What action should J, B & J take? Why?

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