Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · STATUTE-COMPILATIONS · Sarbanes-Oxley Act of 2002 · Sec. 108

Sec. 108. ACCOUNTING STANDARDS

275 words·~1 min read·/statute-compilations/comps-1883/sec-108

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 108 ACCOUNTING STANDARDS **[**[15 U.S.C. 7218](/us/usc/t15/s7218)**]** ###
(a)* * * ###
(b)Commission Authority The Commission shall promulgate such rules and regulations to carry out section 19(b) of the Securities Act of 1933, as added by this section, as it deems necessary or appropriate in the public interest or for the protection of investors. ###
(c)No Effect on Commission Powers Nothing in this Act, including this section and the amendment made by this section, shall be construed to impair or limit the authority of the Commission to establish accounting principles or standards for purposes of enforcement of the securities laws. ###
(d)Study and Report on Adopting Principles-Based Accounting ####
(1)Study #####
(A)In general The Commission shall conduct a study on the adoption by the United States financial reporting system of a principles-based accounting system. #####
(B)Study topics The study required by subparagraph
(A)shall include an examination of— ######
(i)the extent to which principles-based accounting and financial reporting exists in the United States; ######
(ii)the length of time required for change from a rules-based to a principles-based financial reporting system; ######
(iii)the feasibility of and proposed methods by which a principles-based system may be implemented; and ######
(iv)a thorough economic analysis of the implementation of a principles-based system. ####
(2)Report Not later than 1 year after the date of enactment of this Act, the Commission shall submit a report on the results of the study required by paragraph
(1)to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives.
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 108
ACCOUNTING STANDARDS
U.S.C.§ 7218
Cites 1Cited by 0 across 0 sources
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.