Auditors of public companies can perform the full range of audit and nonaudit consulting services for their audit clients.

Question

Quizplus · Accepted Answer

Auditors are prohibited from providing certain nonaudit services to their audit clients, such as internal audit, actuarial, and certain types of consulting services. However, auditors can still provide some nonaudit services, such as tax preparation and advice, to their audit clients as long as they follow certain rules and guidelines.

Auditors of Public Companies Can Perform the Full Range of Audit