WASHINGTON – Several U.S. Supreme Court justices seemed concerned during arguments Monday on the 2002 Sarbanes-Oxley law that the president did not have adequate authority over the operation or appointments of an agency that polices auditors of public companies. During arguments to consider whether the Public Company Accounting Oversight Board violates the U.S. Constitution, Reuters reports the justices scrutinized the president’s relationship to the semi-private regulator.
Justices Voice Sarbanes-Oxley Concerns
Supreme Court decision could alter how corporate America is audited and strike at the heart of the Sarbanes-Oxley corporate reform law
December 7, 2009