Audit Integrity and Job Protection Act (H.R. 1564; 113th Congress)

Audit Integrity and Job Protection Act (H.R. 1564; 113th Congress) (2013)
by Robert Hurt
1520851Audit Integrity and Job Protection Act (H.R. 1564; 113th Congress)2013Robert Hurt

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).

 

Public domainPublic domainfalsefalse