Question

What are some types of services the auditor of a public company cannot perform for his/her...

What are some types of services the auditor of a public company cannot perform for his/her client under audit according to the sarbanes -Oxley act?

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Answer #1

According to Sarbanes - Oxley Act, the auditor is prohibited from providing the following non-audit services to an audit client including its affiliates:

Bookkeeping
Financial information systems design and implementation
Appraisal or valuation services, fairness opinions, or contribution-in-kind reports
Actuarial services
Internal audit outsourcing services
Management functions or human resources
Broker-dealer, investment adviser, or investment banking services
Legal services and expert services unrelated to the audit

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