How quickly things change. Last month, the Public Company Accounting Oversight Board, a SOX-created private agency that oversees auditors of public companies, said its general counsel was stepping down at the end of March. But the day after that announcement, the PCAOB was hit with a suit challenging its existence on constitutional grounds. Now, Lewis Ferguson III says he'll stay on, at least for a while, to defend the PCAOB in a case he says may go to the U.S. Supreme Court.
GC of SOX-Created Agency Stays On to Fight Constitutional Challenge
March 3, 2006