The primary change made by the Sarbanes-Oxley Act which affects the practice of public accounting is:
A)Public accounting firms may nolonger provide any actuarial services.
B)Accounting firms may nolonger offer tax shelters.
C)Auditors may never dotax compliance work for their clients.
D)Public accounting firms may provide some nonaudit services totheir audit clients if the services are approved in advance by an audit committee.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act, enacted in response to financial scandals, restricts the non-audit services that auditors can provide to their audit clients to ensure auditor independence. However, it allows some non-audit services if they are pre-approved by the audit committee, ensuring a level of oversight and maintaining the integrity of the audit process.

The Primary Change Made by the Sarbanes-Oxley Act Which Affects