What prohibition does the Sarbanes-Oxley Act impose on an accounting firm providing audit and nonaudit services to the same company?
What will be an ideal response?
The act makes it unlawful for a registered public accounting firm to simultaneously provide audit and certain nonaudit services to a public company. If a public accounting firm audits a public company, the accounting firm may not provide the following nonaudit services to the client: 1. bookkeeping services; 2. financial information systems; 3 . appraisal or valuation services; 4. internal audit services; 5. management functions; 6. human resources services; 7. broker, dealer, or investment services; 8. investment banking services; 9. legal services; or 10. any other services the board determines. A certified public accounting firm may provide tax services to audit clients if such tax services are preapproved by the audit committee of the client.
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If an employer refuses to hire individuals belonging to a particular community, that would violate ________
A) Title I of the Americans with Disabilities Act B) Title II of the Genetic Information Nondiscrimination Act C) Title VII of the Civil Rights Act of 1964 D) Title IV of the Genetic Information Nondiscrimination Act
All of the following statements about the Digital Millennium Copyright Act (DMCA) are true except:
A) the DMCA makes it illegal to circumvent technological measures to protect works. B) the DMCA makes Internet Service Providers (ISPs) responsible and accountable for hosting websites or providing services to infringers regardless of whether the ISP is aware of infringement. C) the DMCA requires search engines to block access to infringing sites. D) the DMCA allows libraries to make digital copies of works for internal use only.