A federal appeals court on Friday upheld the constitutionality of an accounting oversight board established by the Sarbanes-Oxley Act of 2002 after the Enron and Worldcom scandals. The U.S. Court of Appeals for the D.C. Circuit voted 2-1 in rejecting a constitutional challenge to the Public Company Accounting Oversight Board.

The challenge was brought by the Free Enterprise Fund, a non-profit public interest group based in Washington, D.C., and the Nevada-based accounting firm Beckstead and Watts, which is under an ongoing PCAOB investigation.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]