Section 206 of the Sarbanes-Oxley Act makes it unlawful for an accounting firm to perform an audit if all but which of the following officers are employed by the accounting firm and participated in the audit during the one-year period preceding the start of the audit?
A)chief executive officer
B)chief accounting officer
C)controller
D)accounts payable manager
E)security officer
F)both A and D
G)both B and C
H)Both D and E

Question

Quizplus · Accepted Answer

Section 206 of the Sarbanes-Oxley Act prohibits an accounting firm from performing audit services if certain officers (like the CEO, chief accounting officer, or controller) of the audit client were part of the accounting firm and participated in the audit during the one-year period preceding the audit. However, positions such as the accounts payable manager and security officer are not specified in this restriction, making option H (Both D and E) correct.

Section 206 of the Sarbanes-Oxley Act Makes It Unlawful for an Accounting