The Primary Change Made by the Sarbanes-Oxley Act Which Affects

question 45

Multiple Choice

The primary change made by the Sarbanes-Oxley Act which affects the practice of public accounting is:

• A)Public accounting firms may nolonger provide any actuarial services.
• B)Accounting firms may nolonger offer tax shelters.
• C)Auditors may never dotax compliance work for their clients.
• D)Public accounting firms may provide some nonaudit services totheir audit clients if the services are approved in advance by an audit committee.

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Definitions:

High and Invariable

Describes something that consistently occurs at a great intensity, level, or degree without variation.

Low and Variable

Describes something that not only possesses minimal intensity or quantity but also fluctuates or changes often.

Difficult Temperament

A temperament style characterized by high levels of irritability, low adaptability, and intense emotional responses.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.