15 U.S.C. § 7233 — Commission authority
submitted 24 years ago by Pub. L. 107-204 to r/title-15-COMMERCE-AND-TRADE · 114 words · no verdicts yet
This section covers commission authority. It states the rules and conditions that apply.
(a) Commission regulations Not later than 180 days after July 30, 2002 , the Commission must issue final regulations to carry out each of subsections
(g) through ( l ) of section 78j–1 of this title .
(b) Auditor independence It must be unlawful for any registered public accounting firm (or an associated people of it, as applicable) to prepare or issue any audit report for any issuer, if the firm or associated people engages in any activity for that issuer prohibited by any of subsections
(g) through ( l ) of section 78j–1 of this title or any rule or regulation of the Commission or of the Board issued under it.
Not later than 180 days after July 30, 2002, the Commission shall issue final regulations to carry out each of subsections (g) through (l) of section 78j–1 of this title.
It shall be unlawful for any registered public accounting firm (or an associated person thereof, as applicable) to prepare or issue any audit report with respect to any issuer, if the firm or associated person engages in any activity with respect to that issuer prohibited by any of subsections (g) through (l) of section 78j–1 of this title or any rule or regulation of the Commission or of the Board issued thereunder.
Source credit: (Pub. L. 107–204, title II, § 208, July 30, 2002, 116 Stat. 775.)
- 2002Enacted · Pub. L. 107-204 · 116 Stat. 775
A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-204 on 2002-07-30.
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