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 auditors independence based on the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct.

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