§ 7232. Study of mandatory rotation of registered public accounting firms

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 2002

   Sarbanes-Oxley Act of 2002

   Pub. L. 107–204 title II § 207 · 116 Stat. 745

   Enacted · 15 U.S.C. § 7232

   (Pub. L. 107–204, title II, § 207, July 30, 2002, 116 Stat. 775.)

   Source evidence

   Code source credit
   (Pub. L. 107–204, title II, § 207, July 30, 2002, 116 Stat. 775.)

   Enacted provision · exact public law section
   SEC. 207. STUDY OF MANDATORY ROTATION OF REGISTERED PUBLIC ACCOUNTING FIRMS. (a) Study and Review Required.— The Comptroller General of the United States shall conduct a study and review of the potential effects of requiring the mandatory rotation of registered public accounting firms. (b) Report Required.— Not later than 1 year after the date Deadline. of enactment of this Act, the Comptroller General shall submit a report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives on the results of the study and review required by this section. (c) Definition.— For purposes of this section, the term “mandatory rotation” refers to the imposition of a limit on the period of years in which a particular registered public accounting firm may be the auditor of record for a particular issuer.

1 of 1 references resolved to an enrolled provision