We’re on Twitter time now. The official announcement, sealed with a Tweet of course, said simply, “We’ve confidentially submitted an S-1 to the SEC for a planned IPO.”

Not following the “jobs and growth” movement? You may have missed a newfangled way start-ups can start the process of raising money from the public — and create jobs and economic growth—with less regulation and much less paperwork. On April 5 of last year, the Jumpstart Our Business Startups Act (JOBS Act or Act) became law in the U.S. Don’t let the rah-rah of the law’s title fool you. This law is all about making it much easier for private companies to access public capital with less muss, less fuss. The law also provides relief to certain companies, emerging growth company or EGCs, so they can go public on U.S. exchanges without providing as much information to investors as early in the process as they used to.

All this easy access to investors’ wallets means some “radicals” accused lawmakers of trying to pull a fast one. Eliot Spitzer was blunt:

“It shouldn’t be called the JOBS Act, it should be called the Bring Fraud Back to Wall Street Act.”
EY is the global public accounting firm of choice to emerging social networking/social gaming companies such as Groupon, Zynga, and Facebook as well as veteran technology and media companies such as Google, HP, News Corp, and Oracle.

Twitter’s auditor is probably EY, given EY’s market dominance in the Silicon Valley emerging growth tech environment and EY’s deep “experience” with Facebook, Groupon, and Zynga. Twitter did not reply to a request for auditor information, and CEO Dick Costolo did not reply to my open request via Twitter.