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Author Question: Under the Sarbanes-Oxley Act, the audit committee of a public company (Read 43 times)

campbellfam07

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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.


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Marked as best answer by campbellfam07 on Aug 21, 2022

katrey9207

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campbellfam07

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


bulacsom

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Reply 3 on: Yesterday
Excellent

 

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