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

140 words·~1 min read·/usc/title-15/section-7232

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(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 July 30, 2002, 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.

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

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statutes-at-large

Public Law 107–204
To protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws, and for other purposes

statute-compilations

Sec. 207
STUDY OF MANDATORY ROTATION OF REGISTERED PUBLIC ACCOUNTING FIRMS

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Pub. L. 107–204, title II, § 207
116 Stat. 775

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§ 7232

Study of mandatory rotation of registered public accounting firms

Stat. Comp.×1

Stat.×1

Pub. L.Pub. L. 107–204, title II, § 207

Stat.116 Stat. 775

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