Host: American Enterprise Institute. On Monday, December 7, the Supreme Court will hear oral arguments in Free Enterprise Fund v. Public Company Accounting Oversight Board (PCAOB). PCAOB, a private corporation created by the 2002 Sarbanes-Oxley Act, has authority to investigate public accounting firms, to develop auditing and ethics standards for such firms, and to impose sanctions on firms that fail to comply with PCAOB’s rules. PCAOB’s members are appointed by the Securities and Exchange Commission. The Court will consider whether the Sarbanes-Oxley Act violates the Constitution by vesting members of PCAOB with far-reaching powers while completely stripping the president of all authority to appoint or remove those members. Michael S. Greve will moderate a panel discussion on the legal and regulatory implications of the PCAOB case. Representative Tom Price (R-GA) will provide introductory remarks.
Official Website: http://www.aei.org/event/100177
Added by insideronline on November 30, 2009