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 in good standing from specific audit requirements. These brokers and dealers must be registered with the Securities and Exchange Commission, have no more than 150 registered persons, and not be affiliated with an investment advisor acting as a custodian for customer assets. The act also mandates the Securities and Exchange Commission and the Public Company Accounting Oversight Board to make necessary regulatory amendments to implement these changes.

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 in good standing from specific audit requirements. These brokers and dealers must be registered with the Securities and Exchange Commission, have no more than 150 registered persons, and not be affiliated with an investment advisor acting as a custodian for customer assets. The act also mandates the Securities and Exchange Commission and the Public Company Accounting Oversight Board to make necessary regulatory amendments to implement these changes.