TITLE II - AUDITOR INDEPENDENCE
SEC. 206. CONFLICTS OF INTEREST.
Section 10A of the Securities Exchange Act of 1934 (15 U.S.C. 78j-1), as amended
by this Act, is amended by adding at the end the following:
"(l) CONFLICTS OF INTEREST. - It shall be unlawful for a registered public
accounting firm to perform for an issuer any audit service required by this
title, if a chief executive officer, controller, chief financial officer, chief
accounting officer, or any person serving in an equivalent position for the
issuer, was employed by that registered independent public accounting firm and
participated in any capacity in the audit of that issuer during the 1-year period
preceding the date of the initiation of the audit.".
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