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Challenge to legitimacy of the PCAOB continues

  • PCAOB (US Public Company Accounting Oversight Board) (dark gray) Image

04 Dec 2009

On 7 December 2009, oral argument begins in a US Supreme Court case in which the constitutionality of the Public Company Accounting Oversight Board (PCAOB) is being challenged. If the plaintiffs' arguments are successful, it could mean an end to the existence of the PCAOB as currently structured under law.

The case has been through several levels of court proceedings, the most recent being a decision by the D.C. Circuit Court of Appeals against the challenge to the PCAOB. The plaintiffs have appealed to the US Supreme Court:

 

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