An audit client hires a member of the audit engagement team to be its new controller. sarbanes-oxley rules require that:______.

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19-08-2022
Business

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An audit client hires a member of the audit engagement team to be its new controller. sarbanes-oxley rules require that:______.

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tutorconsortium202 tutorconsortium202 · Answer 1 · 2022-08-26T15:48:02+02:00

An audit client hires a member of the audit engagement team to be its new controller. Sarbanes-Oxley rules require that: The new controller sever all relations with the CPA firm, including any retirement funds.

What is the Sarbanes-Oxley act?

The Sarbanes-Oxley Act of 2002, a federal law, was established for sweeping auditing and financial regulations for public companies.
Lawmakers created the legislation to assist protect shareholders, employees and therefore the public from accounting errors and fraudulent financial practices. Auditors, accountants and company officers became accountable for the new set of rules.
These rules were amendments and additions to many laws enforced by the Securities and Exchange Commission (SEC), including the Securities and Exchange Act of 1934 and therefore the Investment Advisers Act of 1940.
The Sarbanes-Oxley Act is enforces by SEC

To learn more about Sarbanes-Oxley Act: https://brainly.com/question/27915345

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