Which of the following is NOT a requirement of the Sarbanes-Oxley Act?
A) Audit firms cannot provide most types of nonaudit services to their public company audit clients.
B) Audit firms are required to rotate audit partners off audit engagements every five years for public company audits.
C) Firms that audit public companies are subject to inspection by the PCAOB.
D) A certain number of hours, which is based on the size of the company being audited, must be spent on each audit engagement.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act does not require a certain number of hours to be spent on each audit engagement, although the audit must be thorough and meet professional standards. The other options listed are all requirements under the Act.

Which of the Following Is NOT a Requirement of the Sarbanes-Oxley