34
Sec. 207
SARBANES-OXLEY ACT OF 2002
ing firm, or transaction from the prohibition on the provision of
services under section 10A(g) of the
Securities Exchange Act of
1934 (as added by this section), to the extent that such exemption
is necessary or appropriate in the public interest and is consistent
with
the protection of investors, and subject to review by the Com-
mission in the same manner as for rules of the Board under section
107.
* * * * * * *
SEC. 207. ø
15 U.S.C. 7232¿
STUDY OF MANDATORY ROTATION OF REG-
ISTERED PUBLIC ACCOUNTING FIRMS.
(a) S
TUDY AND
R
EVIEW
R
EQUIRED
.—The Comptroller General
of the United States shall conduct a study and review of the poten-
tial effects of requiring the mandatory rotation
of registered public
accounting firms.
(b) R
EPORT
R
EQUIRED
.—Not later than 1 year after the date of
enactment of this Act, the Comptroller
General shall submit a re-
port 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) D
EFINITION
.—For purposes of this section, the term ‘‘man-
datory 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.
Dostları ilə paylaş: