,,ii  #aai? ,,congress  #a/ ,session    
,s4 #bchb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bb1 #bjbe,mr4   
,scott ( ,florida introduc$ ! foll[+    
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,a ,,bill  ,to am5d !         
,s>banes-,oxley ,act ( #bjjb to provide 
= disclosure reg>d+ =eign jurisdictions 
t h9d] inspections1 & = o!r purposes4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,tru/$ ,=eign ,audit+ ,act ( #bjbe4   
#b4 ,inspection ( regi/]$ public acc\nt+
 firms ,section #ajd7;i7 ( !            
,s>banes-,oxley ,act ( #bjjb 7#ae       
,u4,s4,c4 #gbad7;i77 is am5d$-- 7#a7 9  
p>agraph 7#a7-- 7,a7 by r$esignat+      
subp>agraphs 7,a7 & 7,b7 z subp>agraphs 
7,c7 & 7,d71 respectively2 &  7,b7 by   
ins]t+ be=e subp>agraph 7,c71 z s       
r$esignat$1 ! foll[+3  7,a7 ! t]m       
compromis$ auditor means1 ) respect to a
 regi/]$ public acc\nt+ firm1 an        
indep5d5t bran* or (fice ( t firm 7or a 
subsidi>y ( su* a bran* or (fice7 t--   

7i7 is subject to ! jurisdiction & laws 
( ! gov]nm5t ( a cov]$ c\ntry2  7ii7 is 
directly or indirectly controll$1       
direct$1 or mat]ially influ5c$ by a     
cov]$ c\ntry2  7iii7 has a manag] or    
own]1 or conducts any op]ation1 t is    
subject to ! direct influ5ce ( a cov]$  
c\ntry2 or  7iv7 has ent]$ into any     
arrangem5t1 agreem5t1 or relation%ip ) !
 gov]nm5t or political p>ty ( a cov]$   
c\ntry t c\ld compromise ! objectivity1 
integrity1 or indep5d5ce ( ! bran*1     
(fice1 or subsidi>y 9 p]=m+ audit+ or   
atte/ation s]vices2  7,b7 ! t]m cov]$   
c\ntry means-- 7i7 any c\ntry 7includ+  
any special adm9i/rative region ( su*   
c\ntry7 id5tifi$ z a ?reat to ! national
 security ( ! ,unit$ ,/ates 9 ! mo/     
rec5t report submitt$ to ,congress by ! 
,director ( ,national ,intellig5ce      
pursuant to section #ajh;,b ( !         
,national ,security ,act ( #aidg 7#ej   
,u4,s4,c4 #cjdc;b7 7commonly ref]r$ to z
 ! ,annual ,?reat ,assessm5t72 or  7ii7 
any cov]$ nation 7z def9$ 9 section     

#dhgb7;f77#b7 ( title #aj1 ,unit$ ,/ates
 ,code72  2  7#b7 9 p>agraph 7#b77;,a7--
 7,a7 9 ! matt] prec$+ clause 7i71 by   
/rik+ p>agraph 7#a77;,a7 & ins]t+       
p>agraph 7#a77;,c72 &  7,b7 9 clause    
7ii71 by ins]t+ is a compromis$ auditor 
t be=e ! ,bo>d is unable2 &  7#c7 by    
add+ at ! end ! foll[+3  7#e7 ,trad+    
prohibition ,if a cov]$ issu] t is      
headqu>t]$ 9 a cov]$ c\ntry reta9s a    
compromis$ auditor to prep>e an audit   
report describ$ 9 p>agraph 7#b77;,a7 = !
 cov]$ issu]1 ! trad+ prohibition       
describ$ 9 p>agraph 7#c7 %all apply to !
 cov]$ issu]4  4  #c4 ,public he>+s     
,section #aje7;c7 ( ! ,s>banes-,oxley   
,act ( #bjjb 7#ae ,u4,s4,c4 #gbae7;c77  
is am5d$ by /rik+ p>agraph 7#b7 & ins]t+
 ! foll[+3  7#b7 ,public he>+s  7,a7    
,def9itions ,9 ?is p>agraph1 ! t]ms     
compromis$ auditor & cov]$ issu] h !    
mean+s giv5 ^? t]ms 9 section           
#ajd7;i77#a74  7,b7 ,conditions ,he>+s  
"u ?is section %all n be public1        
unless-- 7i7 a compromis$ auditor reta9$

 by a cov]$ issu] is a p>ty to ! he>+2  
or  7ii7 o!rwise ord]$ by ! ,bo>d = good
 cause %[n1 ) ! cons5t ( ! p>ties to su*
 he>+4  4