Question: 1. Do professional standards allow a company's auditors also to provide tax services and retain their independence? 2. How have provisions of the Sarbanes-Oxley act

1. Do professional standards allow a company's auditors also to provide tax services and retain their independence?
2. How have provisions of the Sarbanes-Oxley act limited a public company choice of the auditor?
3. What are some of the advantages and disadvantages of permitting auditors to provide no audit services (such as tax services) to clients?
4. What is the impact of a smaller number of major international accounting firms on public companies?

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1 Professional standards act as a lockout for the consulting firms or even large companies For instance the companies in the case Intel and Fannie Mac each had very little decision making power on who ... View full answer

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