The future of Sarbanes-Oxley

Posted on February 8th, 2006

According to the Houston Chronicle, the Free Enterprise Fund filed suit in Federal court this week against the Public Company Accounting Oversight Board (PCAOB). The lawsuit seeks to revoke the authority of the board, based upon the argument that it violates the Constitution’s mandate of separation of power between the three branches of government.

Sarbanes-Oxley established PCAOB, and the filers of the suit wish to remove power from the Board. The legal team for the Free Enterprise Fund includes Kenneth Starr (of Monica Lewinsky infamy).

Related posts:

  1. The End of Sarbanes-Oxley?
  2. Changes to Sarbanes-Oxley Rejected By Senate
  3. Possible Changes to Sarbanes-Oxley Within the Next Year
  4. Michael Oxley Is Not Happy With Sarbanes-Oxley
  5. Some Basics About Sarbanes-Oxley

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