One of the concerns reflected in Sarbanes-Oxley was that auditors were not exercising sufficient discretion and independence in conducting audits of their clients.

Question

Quizplus · Accepted Answer

This statement is true. One of the main purposes of the Sarbanes-Oxley Act was to increase the independence and objectivity of auditors in performing their duties, to prevent conflicts of interest and to ensure that they exercise professional judgment and discretion in conducting audits of their clients.

One of the Concerns Reflected in Sarbanes-Oxley Was That Auditors