While the Sarbanes-Oxley Act Prohibits Auditors from Providing Non-Accounting Services

question 70

True/False

While the Sarbanes-Oxley Act prohibits auditors from providing non-accounting services to their audit clients,they are not prohibited from performing such services for non-audit clients or privately held companies.

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Definitions:

Percent Equivalent

The numerical value of a fraction expressed as a percentage.

Rounded

The process of adjusting a numerical figure to its nearest specified place value, such as to the nearest whole number.

Significant Figures

The number of digits in a value that contribute to its precision, typically starting with the first non-zero digit.

Percent

A mathematical term that represents a number as a fraction of 100.