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Olsen & Alain, CPAs (O&A) performed the audit of Rocky Point Brewery (RPB), a public company in 20X1 and 20X2. In 20X2, O&A also performed
Olsen & Alain, CPAs (O&A) performed the audit of Rocky Point Brewery (RPB), a public company in 20X1 and 20X2. In 20X2, O&A also performed tax services for the company. Which statement best describes a requirement related to the performance of the audit and tax services in 20X2 under SEC independence rules? RPB's audit committee should preapprove the audit and tax services. RPB's audit committee may choose to preapprove the audit and/or tax services. RPB's audit committee should preapprove the audit services, but not the tax services. RPB's audit committee must preapprove the tax services, but not the audit services
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