Sarbanes-oxley act of 2002

17 Sec. 
104 
SARBANES-OXLEY ACT OF 2002 
the accounting firm as confidential, shall be attached to and made 
part of the inspection report. 
(g) R
EPORT
.—A written report of the findings of the Board for 
each inspection under this section, subject to subsection (h), shall 
be— 
(1) transmitted, in appropriate detail, to the Commission 
and each appropriate State regulatory authority, accompanied 
by any letter or comments by the Board or the inspector, and 
any letter of response from the registered public accounting 
firm; and 
(2) made available in appropriate detail to the public (sub-
ject to section 105(b)(5)(A), and to the protection of such con-
fidential and proprietary information as the Board may deter-
mine to be appropriate, or as may be required by law), except 
that no portions of the inspection report that deal with criti-
cisms of or potential defects in the quality control systems of 
the firm under inspection shall be made public if those criti-
cisms or defects are addressed by the firm, to the satisfaction 
of the Board, not later than 12 months after the date of the 
inspection report. 
(h) I
NTERIM
C
OMMISSION
R
EVIEW
.— 
(1) R
EVIEWABLE MATTERS
.—A registered public accounting 
firm may seek review by the Commission, pursuant to such 
rules as the Commission shall promulgate, if the firm— 
(A) has provided the Board with a response, pursuant 
to rules issued by the Board under subsection (f), to the 
substance of particular items in a draft inspection report, 
and disagrees with the assessments contained in any final 
report prepared by the Board following such response; or 
(B) disagrees with the determination of the Board that 
criticisms or defects identified in an inspection report have 
not been addressed to the satisfaction of the Board within 
12 months of the date of the inspection report, for pur-
poses of subsection (g)(2). 
(2) T
REATMENT OF REVIEW
.—Any decision of the Commis-
sion with respect to a review under paragraph (1) shall not be 
reviewable under section 25 of the Securities Exchange Act of 
1934 (15 U.S.C. 78y), or deemed to be ‘‘final agency action’’ for 
purposes of section 704 of title 5, United States Code. 
(3) T
IMING
.—Review under paragraph (1) may be sought 
during the 30-day period following the date of the event giving 
rise to the review under subparagraph (A) or (B) of paragraph 
(1). 
(i) D
ISCLOSURE
R
EGARDING
F
OREIGN
J
URISDICTIONS
T
HAT
P
RE
-
VENT
I
NSPECTIONS
.— 
(1) D
EFINITIONS
.—In this subsection— 
(A) the term ‘‘covered issuer’’ means an issuer that is 
required to file reports under section 13 or 15(d) of the Se-
curities Exchange Act of 1934 (15 U.S.C. 78m, 78o(d)); and 
(B) the term ‘‘non-inspection year’’ means, with respect 
to a covered issuer, a year— 
(i) during which the Commission identifies the 
covered issuer under paragraph (2)(A) with respect to 
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As Amended Through P.L. 116-222, Enacted December 18, 2020

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