The Sarbanes-Oxley Act of 2002 Generally Prohibits Professional Service Firms

question 44

Multiple Choice

The Sarbanes-Oxley Act of 2002 generally prohibits professional service firms from

• A) Acting in a managerial decision-making role for an audit client.
• B) Auditing the firm's own work on an audit client.
• C) Providing tax consulting to an audit client without audit committee approval.
• D) All of the above.

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Definitions:

Law Enforcement Official

is an individual authorized to enforce laws, conduct arrests, and maintain public order, such as police officers or federal agents.

Personal Financial Data

pertains to individual information concerning financial status, including income, investments, debts, and spending habits.

Right To Privacy

The right of individuals to keep their personal affairs private and free from the intrusion of others, including the government.

Commercial Speech

Communication (such as advertising) that is done on behalf of a company or individual for the intent of making a profit.