Tag Archive | "SOX"

Tags: , , , , , , , , , , , , , , , , , , , ,

False Claims by Government in Supreme Court Case: PCAOB Agency Is More Powerful and Independent Than Government Claims

The members of the Public Company Accounting Oversight Board (PCAOB), an agency being challenged in the Supreme Court on December 7, aren’t appointed by the president, nor can he remove them. The General Accounting Office describes the PCAOB as “an independent board with sweeping powers and authority;” its rules and red tape cost the economy billions of dollars every year (with an long-term cost of perhaps $1 trillion).

Yet the government suggests in its brief that the president has “fully effective control” over the…

Read the full story

Posted in Legal, Politics as Usual, RegulationComments (3)

Tags: , , , , , , , , , ,

Law Professors Urge Supreme Court to Review Challenge to Powerful Agency, in Free Enterprise Fund v. Public Company Accounting Oversight Board

Tomorrow, the Supreme Court will weigh whether to decide what a federal judge called the “the most important separation-of-powers case regarding the President’s appointment and removal powers to reach the courts in the last 20 years.” Law professors Kenneth Starr and Viet Dinh, who worked on the case, have an editorial in today’s Wall Street Journal urging the Supreme Court to hear the case, which challenges a powerful, and largely unaccountable, federal agency called the Public Company Accounting Oversight Board (PCAOB).…

Read the full story

Posted in Deregulate to Stimulate, Economy, Legal, Personal Liberty, Precaution & RiskComments (0)

  • Popular
  • Most Comments
  • Most Emails

About

OpenMarket.org is the blog of the Competitive Enterprise Institute. We believe that people improve their lives not through government regulation, but by making their own choices in a free marketplace. More››

Support Liberty


Give $5 each month to support our efforts to restore America's liberty.

Social Web