According to Sarbanes-Oxley,the audit committee must preapprove all audit and nonaudit services.This can be done
A) On a case-by-case basis, yes; through established policies, no; by delegating the responsibility, yes.
B) On a case-by-case basis, yes; through established policies, yes; by delegating the responsibility, no.
C) On a case-by-case basis, no; through established policies, yes; by delegating the responsibility, no.
D) On a case-by-case basis, no; through established policies, no; by delegating the responsibility, yes.

Question

Quizplus · Accepted Answer

According to Sarbanes-Oxley, the audit committee must preapprove all audit and nonaudit services. This preapproval can be done on a case-by-case basis or through established policies. The responsibility cannot be delegated to management or any other non-audit committee member. Therefore, option B is the correct answer.

According to Sarbanes-Oxley,the Audit Committee Must Preapprove All Audit and Nonaudit