Aduit 1 HW#4

The Sarbanes-Oxley Act of 2002 placed significant restrictions on the types of consulting that may be performed by auditors for their public company audit clients. For questions #11 - #17, Indicates whether the Service is prohibited by the Act: Answer either Prohibited" or "Allowed" 11. Bookkeeping or other services related to the accounting records or financial statements. 12. Financial information systems design and implementation. 13. Appraisal, valuation, and actuarial services. 14. Internal audit outsourcing services 15. Management functions, or human resources. 16. Legal services and expert services unrelated to auditing. 17. Providing individual tax services to client officers who play a significant role in financial reporting For questions #18 - #20, Indicates whether the Consulting functions listed below would impair independence according to the AICPA Code of Professional Conduct: Answer either Impaired" or "OK" 18. Authorizing, executing, or consummating a transaction. 19. Preparing source documents. 20. Supervising client employees in their normal recurring activities