Accounting / Accountants, Brett Kavanaugh, Going Concern, Sarbanes-Oxley / Sarbox / SOX, SCOTUS, Supreme Court, Wall Street

Will the Supreme Court Knock SOX's Socks Off?

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Is the Public Company Accounting Oversight Board unconstitutional? This admittedly boring-sounding entity has the important task of overseeing accounting firms, who in turn keep an eye on the balance sheets of corporate America, through such mechanisms as Sarbanes-Oxley (SOX) compliance.
The constitutionality of SOX and the PCAOB is at issue in Free Enterprise Fund v. Public Company Accounting Oversight Board, one of the most important cases of the new Supreme Court term. As previously noted, the D.C. Circuit upheld the board’s constitutionality against a separation-of-powers challenge — but over a strong dissent by Article III rock star Brett Kavanaugh, which may have grabbed the justices’ attention.
Read more — and comment (anyone care to predict the result?) — over at Going Concern.
Is the PCAOB Going the Way of the Dodo? [Going Concern]
Earlier: The Sarbanes-Oxley Accounting Board: Not Long For This World?

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