The next few months are shaping up as a critical time in the life of the post-Enron, post-WorldCom reform agency -- the Public Company Accounting Oversight Board. Sometime in October, the five-member board, created by the Sarbanes-Oxley Act of 2002 to oversee the auditors of public companies, could be down to two members. And, early next year, the Supreme Court will hear a constitutional challenge to its very existence.
Critical Time for Corporate Oversight Agency
The National Law Journal
September 14, 2009