Monday, May 18, 2009

A Note to the PCAOB Lawyers: Bring Some Homemade Videos for Clarence Thomas and You'll Be Fine

The constitutionality of the existence of the PCAOB, created by the Sarbanes-Oxley Act, will be argued in front of the Supreme Court this fall, per CFO.

In a case that will be far less interesting than Hustler Magazine v. Farwell, the high court will decide whether the PCAOB's existence "violates the Constitution's separation-of-powers principle".

The plaintiffs in the case are the Free Enterprise Fund, a policy group that supports "small government". Timing might not be the best, Free Enterprise Fund...

...With Souter stepping down and Obama likely to appoint someone likely to support to more regulation as opposed to less, good money would be with the PCAOB on this.

Supreme Court to Rule on PCAOB's Fate [CFO] Sphere: Related Content

No comments:

Post a Comment