Sec. 1301. Auditor independence for certain past audits occurring before an issuer is a public company
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Section 103 of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7213 ) is amended by adding at the end the following: With respect to an issuer that is a public company or an issuer that has filed a registration statement to become a public company, the auditor independence rules established by the Board with respect to audits occurring before the last fiscal year of the issuer completed before the issuer filed a registration statement to become a public company shall treat an auditor as independent if— the auditor is independent under standards established by the American Institute of Certified Public Accountants applicable to certified public accountants in United States; or with respect to a foreign issuer, the auditor is independent under comparable standards applicable to certified public accountants in the issuer’s home country. .
Section 10A of the Securities Exchange Act of 1934 ( 15 U.S.C. 78j–1 ) is amended by adding at the end the following: With respect to an issuer that is a public company or an issuer that has filed a registration statement to become a public company, the auditor independence rules established by the Commission under the securities laws with respect to audits occurring before the last fiscal year of the issuer completed before the issuer filed a registration statement to become a public company shall treat an auditor as independent if— the auditor is independent under standards established by the American Institute of Certified Public Accountants applicable to certified public accountants in United States; or with respect to a foreign issuer, the auditor is independent under comparable standards applicable to certified public accountants in the issuer’s home country. .
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- 15 USC 78j–1
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Sec. 1301
Auditor independence for certain past audits occurring before an issuer is a public company
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