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 auditees.
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.
Correct Answer:
Verified
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Q28: External auditors are referred to as "external"
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Q30: Which is NOT an attribute of an
Q32: Due professional care requires auditors to:
A)obtain independent,
Q33: The primary responsibility for the adequacy of
Q34: A typical objective of an operational audit
Q35: An "in-charge" auditor typically holds the rank
Q36: The Responsibilities section of the Principles Underlying
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