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Who approves or should approve the non-audit services that SEC registrants purchase from their independent audit...

Who approves or should approve the non-audit services that SEC registrants purchase from their independent audit firms?

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Section 201 of the Sarbanes-Oxley Act includes the following clause:

(h) PREAPPROVAL REQUIRED FOR NON-AUDIT SERVICES- A registered public accounting firm may engage in any non-audit service, including tax services, that is not described in any of paragraphs (1) through (9) of subsection (g) for an audit client, only if the activity is approved in advance by the audit committee of the issuer, in accordance with subsection (i).

Paragraphs 1 through 9 referenced in this clause refer to the narrative in the SOX statute that lists the non-audit services that auditors of SEC clients are specifically prohibited from providing to those clients.

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