Sarbanes-Oxley

[Frixxxx]

One for free market!

Sarbanes-Oxley auditing board ruled unconstitutional

WASHINGTON (Reuters) - The Supreme Court on Monday struck down part of a 2002 law that created a national board that polices auditors of public companies, ruling that it violated the constitutional requirement on the separation of powers among the branches of government.
The high court's ruling on the Public Company Accounting Oversight Board (PCAOB) could put pressure on Congress to revisit the Sarbanes-Oxley corporate reform law, opening it up for potential changes in the reporting duties of companies.

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[nnuut]

I don't know much about this thing, but it sounds good that they voted it down, MORE CONTROL?

 

[Frixxxx]

I don't know much about this thing, but it sounds good that they voted it down, MORE CONTROL?

The SOB board had the ability to kick members out and take over if there were any percieved issues. This just says they can only regulate and not arbitrarily place someone on the board or president spot.

Bet you didn't know the government could take over a company, oh wait they do...