Prior to beginning work on this discussion forum, read Chapters 3 and 5 in the course textbook.
The Sarbanes-Oxley Act of 2002 placed significant restrictions on the types of consulting that may be performed by auditors for public companies. Address the following in your discussion post:
- Briefly explain why these restrictions were put into place.
- List four types of services that are prohibited by the act.
- List three types of general consulting activities that would impair the auditor’s independence based on the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct.
Week 1d1