The Sarbanes-Oxley Act (SOX) requires that the external audit firm for a company be rotated every five years.

Name: The Sarbanes-Oxley Act (SOX) requires that the external audit firm for a company be rotated every five years.
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act does not require the rotation of the audit firm itself but mandates the rotation of the lead audit partner (and reviewing audit partner) responsible for the audit every five years to ensure independence and objectivity.

The Sarbanes-Oxley Act (SOX) Requires That the External Audit Firm