FierceFinanceFierceFinanceITFierceComplianceIT   FierceCIO

What if the PCAOB is unconstitutional?

The issue of the Public Company Accounting Oversight Board's constitutionality has reared its head again. The issue seemed dead when a federal court ruled in the board's favor. But the Free Enterprise Fund challenged the decision, and an appeals court heard arguments last week on the matter. The issues are fairly arcane, but I guess it is possible that the court could rule against the board, which ultimately would throw the Sarbanes-Oxley and accounting universe into chaos. Would AS5 all of a sudden be meaningless?

For more:
- here's an item from Jurist

Related Articles:
Is the PCAOB constitutional?
Sarbox court challenge steps up
Will AS5 really make compliance easier?

SHARE WITH:
Email Twitter Facebook LinkedIn StumbleUpon
Get Your FREE FierceComplianceIT Email Newsletter:
Be the first to comment

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.