Sarbanes-Oxley and the Securities Exchange Commission restrict auditors from providing many consulting services to their publically traded audit clients. Which of the following is true for auditors of publically traded companies?
I. They are restricted from providing consulting services to privately held companies.
II. There is no restriction on providing consulting services to non-audit clients.

Question

Quizplus · Accepted Answer

Auditors of publicly traded companies are restricted from providing certain consulting services to their audit clients, but there is no restriction on providing consulting services to non-audit clients.

Sarbanes-Oxley and the Securities Exchange Commission Restrict Auditors from Providing