15 U.S.C. § 7234 — Considerations by appropriate State regulatory authorities

FEDERAL · 15 U.S.C. · Chapter 98

Considerations by appropriate State regulatory authorities

Current through Pub. L. 119-102

Title 15 — Commerce and Trade·Ch. 98 — PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY·Subch. II

In supervising nonregistered public accounting firms and their associated persons, appropriate State regulatory authorities should make an independent determination of the proper standards applicable, particularly taking into consideration the size and nature of the business of the accounting firms they supervise and the size and nature of the business of the clients of those firms. The standards applied by the Board under this Act should not be presumed to be applicable for purposes of this section for small and medium sized nonregistered public accounting firms.

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In supervising nonregistered public accounting firms and their associated persons, appropriate State regulatory authorities should make an independent determination of the proper standards applicable, particularly taking into consideration the size and nature of the business of the accounting firms they supervise and the size and nature of the business of the clients of those firms. The standards applied by the Board under this Act should not be presumed to be applicable for purposes of this section for small and medium sized nonregistered public accounting firms.

15 U.S.C. § 7234 (Considerations by appropriate State regulatory authorities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

(Pub. L. 107–204, title II, §209, July 30, 2002, 116 Stat. 775.)

Editorial Notes

Editorial Notes

References in Text
This Act, referred to in text, is Pub. L. 107–204, July 30, 2002, 116 Stat. 745, known as the Sarbanes-Oxley Act of 2002. For complete classification of this Act to the Code, see Tables.