Section 10A of the Securities Exchange Act of 1934 establishes each of the following requirements for auditors of public companies with respect to illegal acts except for

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Section 10A of the Securities Exchange Act of 1934 requires auditors of public companies to determine whether it is likely that an illegal act has occurred, determine what the possible effect of the illegal act is on the financial statements, inform management and assure that the audit committee knows about any material illegal act that has been detected. However, it does not require auditors to determine whether management participated in the illegal act.

Section 10A of the Securities Exchange Act of 1934 Establishes