Based on Sarbanes-Oxley,who Is Ultimately Responsible for the Independence of the External

question 23

Multiple Choice

Based on Sarbanes-Oxley,who is ultimately responsible for the independence of the external auditor?

• A)The CPA firm's engagement partner.
• B)The CPA firm's quality control partner.
• C)The client's senior management.
• D)The audit committee.

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Definitions:

Highly Specialized

Pertaining to or involving specific expertise or focus on a narrow area of knowledge or activity, often requiring advanced skills or training.

Unpleasant Outcome

A result of actions or decisions that is negative or less favorable than anticipated, causing dissatisfaction or adverse effects.

Verbal Reprimand

A disciplinary action involving a spoken warning or rebuke to an employee for unsatisfactory performance or behavior.

Demotion

The act of lowering an employee's rank or position, typically as a result of organizational restructuring, performance issues, or disciplinary actions.