A public company may purchase internal audit services from their financial statement auditor if they are approved by the company's audit committee.

Name: A public company may purchase internal audit services from their financial statement auditor if they are approved by the company's audit committee.
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Question

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Public companies are prohibited from purchasing internal audit services from their financial statement auditor to maintain independence and avoid conflicts of interest, as per the Sarbanes-Oxley Act.

A Public Company May Purchase Internal Audit Services from Their