25 July 2008
Will the Public Company Accounting Oversight Board Be Ruled Unconstitutional?
If the PCAOB is ruled unconstitutional, because there is no severability clause, all of Sarbanes-Oxley would be ruled unconstitutional, and it would mean a return to mythology based accounting practices.
It's before the DC Circuit Court of Appeals, and there is a fairly good chance of it losing, which is not a good thing.
It's before the DC Circuit Court of Appeals, and there is a fairly good chance of it losing, which is not a good thing.
Labels:
Constitution
,
Finance
,
Justice
,
regulation
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