Which of the following is explicitly required by the Sarbanes-Oxley Act of 2002 for audits of public companies?
A)Subsequent event review.
B)Concurring partner review (engagement quality review).
C)Disclosure of all contingent liabilities.
D)Seven year client rotation.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 explicitly requires concurring partner review (engagement quality review) for audits of public companies. Subsequent event review is a standard auditing procedure and disclosure of all contingent liabilities is required under generally accepted accounting principles (GAAP), but they are not explicit requirements of the Sarbanes-Oxley Act. Seven year client rotation is a recommendation under the Act but not a requirement.

Which of the Following Is Explicitly Required by the Sarbanes-Oxley