Title 15 — Commerce and TradeRelease 119-73not60

§7231 Exemption Authority

Title 15 › Chapter 98— PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY › Subchapter II— AUDITOR INDEPENDENCE › § 7231

Last updated Apr 3, 2026|Official source

Summary

The Board may exempt people, issuers, accounting firms, or transactions from a ban on services if the exemption is needed for the public interest and protects investors; the Commission reviews those exemptions like it reviews Board rules.

Full Legal Text

Title 15, §7231

Commerce and Trade — Source: USLM XML via OLRC

The Board may, on a case by case basis, exempt any person, issuer, public accounting firm, or transaction from the prohibition on the provision of services under section 78j–1(g) of this title, to the extent that such exemption is necessary or appropriate in the public interest and is consistent with the protection of investors, and subject to review by the Commission in the same manner as for rules of the Board under section 7217 of this title.

Reference

Citations & Metadata

Citation

15 U.S.C. § 7231

Title 15 — Commerce and Trade

Last Updated

Apr 3, 2026

Release point: 119-73not60