A certified public accounting firm may provide tax services to audit clients if such tax services are preapproved by the audit committee of the client.

Question

Quizplus · Accepted Answer

According to the Sarbanes-Oxley Act, a CPA firm can provide tax services to audit clients if they are preapproved by the audit committee of the client. This is to ensure independence and avoid conflicts of interest. However, there are specific limitations and requirements for such preapproval, and the CPA firm must still comply with all professional standards and ethical rules.

A Certified Public Accounting Firm May Provide Tax Services to Audit