Sections 201 and 202 of the Sarbanes-Oxley Act provide that an issuer's auditing committee must pre-approve "allowable services" to be provided by the auditor of the issuer's financial statements in order to assure the independence of such auditor. In doing so, the auditing committee may establish policies and procedures for pre-approval provided they are consistent with the Act, detailed as to the particular service, and designed to safeguard the continued independence of the accountant.

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