For public companies, the ________ is responsible for hiring the auditor as required by the Sarbanes-Oxley Act.
A) client's management
B) client's chief executive officer
C) client's chief financial officer
D) client's audit committee

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act requires public companies to have an audit committee, which is responsible for hiring and overseeing the independent auditor. Therefore, the best choice is D, client's audit committee. While the client's management, CEO, and CFO have important roles in the company, they are not specifically responsible for hiring the auditor under the Sarbanes-Oxley Act.

For Public Companies, the ________ Is Responsible for Hiring the Auditor