To Help Eliminate Conflicts of Interest,Sarbanes-Oxley Prohibits Certain Activities by Audit

question 8

Multiple Choice

To help eliminate conflicts of interest,Sarbanes-Oxley prohibits certain activities by audit firms for their audit clients,including:

• A) the design and implementation of financial information systems.
• B) actuarial services.
• C) management functions and human resources.
• D) all of the above.

---

Definitions:

Acceptance

A promise or act on the part of an offeree indicating a willingness to be bound by the terms and conditions contained in an offer. Also, the acknowledgment of the drawee that binds the drawee to the terms of a draft.

Purchase Order

A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

Title

Legal ownership of property, evidenced by a document or record.

Sale of Goods

A transaction between a buyer and a seller involving the exchange of tangible personal property for payment.