(a) It shall be unlawful for any officer or director of a company that is not required to file periodic information, documents, and reports pursuant to the federal Securities Exchange Act of 1934, or any other person acting under the direction thereof, to take any action to fraudulently influence, coerce, manipulate, or mislead any licensed CPA engaged in the performance of an audit of the financial statements of that company for the purpose of rendering the financial statements being audited materially misleading. (b) A person who violates this Section is guilty of a Class 4 felony.
225 ILCS 450/30.5
Improper influence on the conduct of audits
Known as the Illinois Public Accounting Act
The act spans §§ 225-450-0-01 to 225-450-9-3 (64 sections).
P.A. 98-254, eff. 8-9-13.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.