Pursuant to federal securities laws,an audit must be performed by a CPA who works as the chief executive officer (CEO)or chief financial officer (CFO)of the company being audited.

Question

Quizplus · Accepted Answer

According to the Sarbanes-Oxley Act of 2002, a CPA who works as the CEO or CFO of a company cannot also perform the audit of that company. This is to ensure independence and objectivity in the audit process.

Pursuant to Federal Securities Laws,an Audit Must Be Performed by a CPA