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Author Question: Under the Sarbanes-Oxley Act, the audit committee of a public company (Read 60 times)

campbellfam07

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  • Posts: 132
on: Aug 21, 2022

Question 1

The Sarbanes-Oxley Act requires which employees of an accounting firm to rotate off the engagement every five years?
◦
In-Charge AuditorLead audit partner
YesYes

◦
In-Charge AuditorLead audit partner
NoNo

◦
In-Charge AuditorLead audit partner
YesNo

◦
In-Charge AuditorLead audit partner
NoYes


Question 2

Under the Sarbanes-Oxley Act, the audit committee of a public company
◦ must meet on a monthly basis.
◦ must be comprised entirely of financial experts.
◦ is responsible for the oversight of the work of the independent auditor.
◦ should have at least one independent member.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by campbellfam07 on Aug 21, 2022

katrey9207

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Reply #1 on: Aug 21, 2022
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campbellfam07

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Reply 2 on: Aug 21, 2022
:D TYSM

kalskdjl1212

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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