Securities Lawyer's Deskbook
                         published by The University of Cincinnati College of Law
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The

Sarbanes-Oxley Act of 2002





Section 203 -- Audit Partner Rotation


Section 10A of the Securities Exchange Act of 1934, as amended by this Act, is amended by adding at the end the following:

    "(j) Audit Partner Rotation.--It shall be unlawful for a registered public accounting firm to provide audit services to an issuer if the lead (or coordinating) audit partner (having primary responsibility for the audit), or the audit partner responsible for reviewing the audit, has performed audit services for that issuer in each of the 5 previous fiscal years of that issuer.".




Legislative History


July 30, 2002, 107 P.L. 204, Title II, § 203, 116 Stat. 745.



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