; (3) in subsection (c)— (A) in the heading, by striking the Board and inserting the Office ; (B) by striking , subject to action by the Commission under section 107, and once a determination is made by the Commission under subsection (d) of this section ; (C) in paragraph (3), by striking section 104 and inserting subsection (e) ; (D) in paragraph (4), by striking section 105 and inserting subsection (f) ; (E) in paragraph (5)— (i) by striking the Board (or the Commission, by rule or order) and inserting the Commission ; and (ii) by inserting and after the semicolon; (F) in paragraph (6)— (i) by striking the rules of the Board and inserting the rules of the Commission ; and (ii) by striking ; and and inserting a period; and (G) by striking paragraph (7); (4) in subsection (d)— (A) by striking The members of the Board and inserting The Chief Accountant of the Office of the Chief Accountant of the Commission ; (B) by striking 270 days after the date of enactment of this Act and inserting 1 year after the date of the enactment of the Streamlining Public Company Accounting Oversight Act ; and (C) by striking the last sentence; (5) by striking subsections (e), (f), and (g); (6) by inserting after subsection (d) the following: (e) Inspections of registered public accounting firms The Office shall conduct a continuing program of inspections to assess the degree of compliance of each registered public accounting firm and associated persons of that firm with this Act, the rules of the Commission, or professional standards, in connection with its performance of audits, issuance of audit reports, and related matters involving issuers. (f) Investigations and disciplinary proceedings The Commission shall establish, by rule, fair procedures for the investigation and disciplining of registered public accounting firms and associated persons of such firms.