Supreme Court Declares Sarbanes Oxley Removal Provisions for Accounting Board Unconstitutional

In a case interpreting the provisions of the Sarbanes-Oxley Act setting up the Public Company Accounting Oversight Board the Supreme Court has held that the removal provisions for PCAOB members violates the separation of powers provisions of the United States Constitution. However, the Court upheld the remainder of Sarbanes Oxley and allowed the PCAOB to […]