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Corporate & Securities Law
: Jim Hamilton's World of Securities RegulationBy Jim Hamilton
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Supreme Court Will Decide Constitutionality of PCAOBThe US Supreme Court has agreed to hear an audit firm?s challenge to the constitutionality of the PCAOB. The audit firm asked the Supreme Court to declare the PCAOB unconstitutional because Sarbanes-Oxley Act provisions creating the Board violate the separations of powers and Appointments Clause by essentially stripping the President of all powers to appoint or remove Board members. In its petition, the firm argued that the Board is a congressi read more
Full post as published by Jim Hamilton's World of Securities Regulation on May 18, 2009 (boomark / email).
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