FEDERAL · 15 U.S.C. · Chapter SUBCHAPTER II—AUDITOR INDEPENDENCE
Study of mandatory rotation of registered public accounting firms
15 U.S.C. § 7232
Title15 — Commerce and Trade
ChapterSUBCHAPTER II—AUDITOR INDEPENDENCE
This text of 15 U.S.C. § 7232 (Study of mandatory rotation of registered public accounting firms) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
15 U.S.C. § 7232.
Text
(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.
Free access — add to your briefcase to read the full text and ask questions with AI
Source Credit
History
(Pub. L. 107–204, title II, §207, July 30, 2002, 116 Stat. 775.)
Cite This Page — Counsel Stack
Bluebook (online)
15 U.S.C. § 7232, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/7232.