The Small Business Audit Correction Act of 2026 exempts privately held, non-carrying brokers and dealers in good standing from certain audit.

The Small Business Audit Correction Act of 2026 amends the Sarbanes-Oxley Act of 2002 to exclude privately held, non-carrying brokers and dealers that are in good standing from certain audit requirements. This includes exempting them from the Public Company Accounting Oversight Board's audit requirements. The bill defines "in good standing" and "non-carrying broker or dealer" and mandates the Securities and Exchange Commission and the Public Company Accounting Oversight Board to make necessary regulatory amendments within 180 days of the bill's enactment.

The Small Business Audit Correction Act of 2026 exempts privately held, non-carrying brokers and dealers in good standing from certain audit.

The Small Business Audit Correction Act of 2026 amends the Sarbanes-Oxley Act of 2002 to exclude privately held, non-carrying brokers and dealers that are in good standing from certain audit requirements. This includes exempting them from the Public Company Accounting Oversight Board's audit requirements. The bill defines "in good standing" and "non-carrying broker or dealer" and mandates the Securities and Exchange Commission and the Public Company Accounting Oversight Board to make necessary regulatory amendments within 180 days of the bill's enactment.