The U.S. Supreme Court appeared inclined to leave well enough alone Monday and not tinker with the structure of an accounting oversight board created by the Sarbanes-Oxley Act of 2002.
“My goodness, there are so many shapes and sizes” for government agencies, said Justice Stephen Breyer at one point during oral argument in Free Enterprise Fund v. Public Company Accounting Oversight Board. Breyer seemed to suggest it would be hard to single out the Public Accounting Oversight Board as uniquely unconstitutional.
