U.S. Supreme Court to Review Constitutionality of Sarbox Questioned
Daily Record (Rochester, NY) › June 04, 2009
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Summary
The U.S. Supreme Court will review the constitutionality of the Sarbanes-Oxley Act in its October 2009 term.
Adopted seven years ago in the wake of major accounting scandals at Enron, WorldCom and a few other large public companies, the law - - commonly referred to as SarbOx -- established new standards, reporting requirements and criminal liabilities for public company boards, management and public accounting firms.See the full content of this document
Extract
U.S. Supreme Court to Review Constitutionality of Sarbox Questioned
It also created the Public Company Accountability Oversight Board, a quasi-public agency appointed by the SEC to oversee accounting firms as pu...
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