Petersen & Benez, CPAs, performed the audit of Titan Brewery, a public company, in 20X1 and 20X2. In 20X2, Petersen & Benez also performed tax services for the company. Which statement best describes a requirement related to the performance of the audit and tax services in 20X2 under SEC independence rules?
* Titan's audit committee may choose to preapprove the audit and/or tax services
* Titan's audit committee should preapprove the audit and tax services.
* Titan's audit committee should preapprove the audit services, but not the tax services.
* Titan's audit committee must preapprove the tax services, but not the audit services.