Is The Pcaob a “Heavily Controlled Component” Of The Sec?: An Essential Question In The Constitutional Controversy

Authors

  • Donna M. Nagy

DOI:

https://doi.org/10.5195/lawreview.2009.140

Abstract

The U.S. Supreme Court recently heard oral arguments in Free Enterprise Fund v. Public Company Accounting Oversight Board, described as “the most important separation-of-powers case regarding the President’s appointment and removal powers to reach the courts in the last 20 years.” Established by Congress as the cornerstone of the Sarbanes-Oxley Act of 2002 (“Sarbanes-Oxley” or the “Act”), the Public Company Accounting Oversight Board (the “PCAOB” or the “Board”) was structured as “a strong, independent board to oversee the conduct of the auditors of public companies.” Its principal mission was to prevent the type of auditing failures that contributed to the scandals at Enron, WorldCom, and numerous other public companies in the period leading up to the passage of the Act.

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Published

2009-04-26

How to Cite

Nagy, Donna M. 2009. “Is The Pcaob a ‘Heavily Controlled Component’ Of The Sec?: An Essential Question In The Constitutional Controversy”. University of Pittsburgh Law Review 71 (3). https://doi.org/10.5195/lawreview.2009.140.

Issue

Vol. 71 No. 3 (2009)

Section

Articles

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