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Madam Madam
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6 years ago
Why did the SEC ban certain nonaudit services from being offered to SEC-registrant audit clients even though it has been possible to effectively manage such conflict of interest situations?
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#1
6 years ago
Faced with the inability of one of the largest and most respected firms (Arthur Andersen) to resist the lure of profit and protect the public interestand the fact that such conflicts were common practiceSOX required the SEC to eliminate the most problematic conflicting services. The investing public and government observers would not have been satisfied with less.
Madam Author
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#2
6 years ago
Thank you for answering
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