To Reduce the Likelihood of Conflicts of Interest, SOX Prohibits

question 183

Multiple Choice

To reduce the likelihood of conflicts of interest, SOX prohibits registered public accounting firms from providing the following contemporaneously with the audit:

• A) internal audit outsourcing
• B) financial-information-system design and implementation
• C) expert services
• D) all of these.

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Definitions:

Company Culture

The shared values, beliefs, and practices that characterize an organization, influencing its social and work environment.

HRM Impacts

The effects and outcomes of human resource management practices on organizational performance and employee well-being.

Major Benefits

Significant advantages or positive outcomes that arise from a specific action, policy, or product.

Mergers

The process of combining two or more companies into a single entity, typically to achieve synergies, expand market share, or improve competitive positions.