Explain the rationale behind each prohibited service

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Assignment:

In 2003, the Securities and Exchange Commission (SEC) adopted final rules regarding auditor independence, as required by the Sarbanes-Oxley Act of 2002.

Research online (e.g., sec.gov) and list the eight non-audit services a public accounting firm or auditor cannot perform for audit clients. Explain the rationale behind each prohibited service.

Look for a recent incident where a company is charged and fined for violating auditor independence rules. Describe the event.

Reference no: EM133541702

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