Under Sarbanes-Oxley, who cannot be a member of an audit committee of a publicly traded company?
A) Officer
B) Outside lawyer for the company
C) Consultant to the company
D) All of the above cannot be a member of the company's audit committee

Question

Quizplus · Accepted Answer

Sarbanes-Oxley prohibits officers, outside lawyers, and consultants to the company from serving as members of the company's audit committee. This is to ensure the independence of the audit committee and maintain the integrity of financial reporting.

Under Sarbanes-Oxley, Who Cannot Be a Member of an Audit