According to the provisions of the Sarbanes-Oxley Act,
A)accounting firms can provide both audit and non-audit services to the same company.
B)the auditor should report directly to,and have its work overseen by,the company's management.
C)audit committees should be composed of non-management members of a company's board of directors.
D)both the lead audit partner and the audit review partner for publicly held companies should be rotated at least every two years.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act requires that audit committees be composed entirely of independent, non-management members of a company's board of directors. This helps ensure the objectivity and independence of the audit process. Choices A, B, and D are incorrect statements.

According to the Provisions of the Sarbanes-Oxley Act