Audit Integrity and Job Protection Act (H.R. 1564; 113th Congress)
113th CONGRESS
1st Session
H. R. 1564
IN THE HOUSE OF REPRESENTATIVES
April 15, 2013
Mr. Hurt (for himself and Mr. Meeks ) introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To amend the Sarbanes-Oxley Act of 2002 to prohibit the Public Company Accounting Oversight Board from requiring public companies to use specific auditors or require the use of different auditors on a rotating basis.
Section 1. Short title[edit]
This Act may be cited as the “Audit Integrity and Job Protection Act”.
Sec. 2. Limitation on authority relating to auditors[edit]
Section 103 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7213) is amended by adding at the end the following:
(e) Limitation on authority–[edit]
The Board shall have no authority under this title to require that audits conducted for a particular issuer in accordance with the standards set forth under this section be conducted by specific auditors, or that such audits be conducted for an issuer by different auditors on a rotating basis..
This work is in the public domain in the United States because it is a work of the United States federal government (see 17 U.S.C. 105).
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