Brooklyn Mercantile,Inc. ,a public company,receives audit services from Gregory and Elder,LLC.Brooklyn may engage Gregory and Elder to perform corporate tax returns only if:
A) Gregory and Elder is registered with the PCAOB.
B) Gregory and Elder is independent of Brooklyn for tax purposes.
C) tax services by Gregory and Elder are approved by Brooklyn's audit committee.
D) the PCAOB approves such "non-audit" services in writing.
Correct Answer:
Verified
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