Small local CPA Firms are allowed under Sarbanes-Oxley and the Securities and Exchange Commission a special exemption to perform audits of publicly-listed firms.

Question

Quizplus · Accepted Answer

Sarbanes-Oxley Act (SOX) does not provide special exemptions for small local CPA firms to audit publicly-listed companies; all firms auditing public companies must register with the Public Company Accounting Oversight Board (PCAOB) and meet its standards.

Small Local CPA Firms Are Allowed Under Sarbanes-Oxley and the Securities