Commission Regulations. Not later than 180
days after the date of enactment of this Act, the Commission shall issue final
regulations to carry out each of subsections (g) through (l) of section
10A of the Securities Exchange Act of 1934, as added by this title.
Auditor Independence. 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 10A of
the Securities Exchange Act of 1934, as added by this title, or any rule or
regulation of the Commission or of the Board issued thereunder.
Notice to Users: The Deskbook is made available
with the understanding that the University of Cincinnati College
of Law is not engaged in rendering legal, accounting or other professional
services. If legal advice or other expert assistance is required,
the services of a competent professional person should be sought. See Terms and Conditions of Use.