Federal · Title 15 — Commerce and Trade

15 U.S.C. § 7233: Commission authority

Civil

What this law says, in plain English

Registered public accounting firms cannot prepare audit reports for issuers if they engage in prohibited activities under specified subsections, as defined by Commission regulations and Board rules.

Read the full statutory text

Not later than 180 days after July 30, 2002 , the Commission shall issue final regulations to carry out each of subsections (g) through ( l ) of section 78j–1 of this title . It shall be unlawful for any registered public accounting firm (or an associated person thereof, as applicable) to prepare or issue any audit report with respect to any issuer, if the firm or associated person engages in any activity with respect to that issuer prohibited by any of subsections (g) through ( l ) of section 78j–1 of this title or any rule or regulation of the Commission or of the Board issued thereunder.

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.