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Which services are external auditors permitted to provide

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Reference no: EM132999217

Problem 1: As William is preparing the end of year financial statements, he notices that the numbers required for his personal bonus have not been met. He reviews the estimates that he has made and adjusts some accounting numbers to meet the requirements for his bonus. This is an example of

a. Meeting internal targets.

b. Income smoothing.

c. Meeting external expectations.

d. Window dressing.

Problem 2: According to Sarbanes-Oxley, which of the following services are external auditors permitted to provide to its audit client?

a. Legal services and expert services unrelated to the audit.

b. Internal audit outsourcing services.

c. Bookkeeping or other services related to the accounting records or financial statements.

d. Opinions about the reliability of internal controls.

Reference no: EM132999217

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