According to Sarbanes-Oxley, who are auditors required to report to and be retained by?

Question

Quizplus · Accepted Answer

Auditors are required to report to and be retained by the audit committee, which is designed to provide oversight over the financial reporting process of a company. This helps to ensure independence and objectivity in the auditing process. The CFO and CEO may have involvement in financial reporting, but the audit committee is ultimately responsible for overseeing the audit process. Internal auditors may provide support to the external auditors, but they are not responsible for retaining or overseeing them.

According to Sarbanes-Oxley, Who Are Auditors Required to Report to and Be