Title 15, Commerce and TradeRelease 119-110
§7233 Commission Authority
Title 15 › CHAPTER 98 — PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY › SUBCHAPTER II — AUDITOR INDEPENDENCE › § 7233
Summary
The Commission must, within 180 days after July 30, 2002, issue final rules to put into effect subsections (g)–(l) of section 78j–1. Registered accounting firms and their staff may not prepare or sign an audit report for a company if they do any work for that company that those subsections or any Commission or Board rule made under them forbid.
Full Legal Text
Title 15, §7233
Commerce and Trade, Source: USLM XML via OLRC
(a)Commission regulations
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.
(b)Auditor independence
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.
Reference
Citations & Metadata
Citation
15 U.S.C. § 7233
Title 15, Commerce and Trade
Last Updated
Sep 22, 2026
Release point: 119-110