The section of Sarbanes Oxley that prohibits a CPA firm that audits a public company from engaging in certain non-audit services with the same client is:
A)Title I - Public Company Accounting Oversight Board
B)Title II - Auditor Independence
C)Title III - Corporate Responsibility
D)Title IV - Enhanced Financial Disclosures

Question

Quizplus · Accepted Answer

Title II of Sarbanes Oxley outlines provisions for auditor independence, including prohibitions on certain non-audit services that a CPA firm can provide to the same public company that they audit. This includes services like bookkeeping, financial information systems design, and expert services unrelated to the audit. The aim is to prevent conflicts of interest and maintain the integrity of financial reporting.

The Section of Sarbanes Oxley That Prohibits a CPA Firm