Law / United States

Securities Exchange Act of 1934 section 13(b)(2)(B): internal accounting controls

15 U.S.C. 78m(b)(2)(B)

In force since 19 Dec 1977.

A sector security regimes rule binding private bodies.

Instrument type

an act of a legislature

Obligation class

Governance

As of 27 October 2026.

What it requires

• It reaches you if you are an issuer that has a class of securities registered under section 12 of the Securities Exchange Act of 1934, or an issuer that is required to file reports under section 15(d) of that Act (section 13(b)(2)).
• Devise and maintain a system of internal accounting controls sufficient to provide reasonable assurances that transactions are executed in accordance with management's general or specific authorization (section 13(b)(2)(B)(i)).
• Make that system sufficient to provide reasonable assurances that transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles or any other criteria applicable to such statements, and to maintain accountability for assets (section 13(b)(2)(B)(ii)).
• Make that system sufficient to provide reasonable assurances that access to assets is permitted only in accordance with management's general or specific authorization (section 13(b)(2)(B)(iii)).
• Make that system sufficient to provide reasonable assurances that the recorded accountability for assets is compared with the existing assets at reasonable intervals and that appropriate action is taken with respect to any differences (section 13(b)(2)(B)(iv)).

These lines are LexLint's reading of the law's text, as of 27 October 2026.

When LexLint raises it

When your app profile says your app is a listed company.

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