A public corporation must change its lead auditing firm
A) every year.
B) every two years.
C) every five years.
D) every ten years.
E) whenever it wants to.

Question

Quizplus · Accepted Answer

According to the Sarbanes-Oxley Act, a public corporation must change its lead auditing firm at least once every five years. This is done to promote auditor independence and reduce the risk of conflicts of interest between the auditor and the corporation.

A Public Corporation Must Change Its Lead Auditing Firm