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The Sarbanes-Oxley Act of 2002 Placed Significant Restrictions on the Types

question 68

Essay

The Sarbanes-Oxley Act of 2002 placed significant restrictions on the types of consulting that may be performed by auditors for their public company audit clients.
a.List four types of services that are prohibited by the Act.
b.List three types of general consulting activities that would impair the auditors' independence based on the AICPA Code of Professional Conduct.


Definitions:

Domain Name

The address of a website on the internet which is used to access web pages, typically consisting of a string of characters representing the identity of the website.

Digital Sampling

The process of converting analog audio signals into digital data for manipulation, storage, or reproduction.

Copyright Infringement

The unauthorized use of copyrighted work in a way that violates the copyright holder's rights.

E-mail Ad

An advertisement sent through electronic mail to promote products or services.

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