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Court Hears PCAOB Lawsuit

Court Hears PCAOB Lawsuit

by Rick Turoczy on June 30, 2006

A lawsuit aimed at disbanding the federal audit regulator created by the Sarbanes-Oxley Act was heard in court Thursday, but no ruling was made.

U.S. District Court Judge James Robertson heard arguments from the Public Company Accounting Oversight Board that the lawsuit should be dismissed, saying the plaintiffs should take their case to the Securities and Exchange Commission, which oversees the PCAOB.

The auditing regulators are being sued by conservative activist group the Free Enterprise Fund and a small Nevada accountancy.

Court Hears PCAOB Lawsuit

{ 1 comment… read it below or add one }

Anonymous February 4, 2008 at 7:30 am

Does anyone know if you can sue your former employer if you can prove you were let go due to large financial discrepancies between billing and services. I believe I was let go do to find millions of dollars in billing errors. At the time I did not understand that SOX prevented this type of retaliation. I even contacted HR due to my feeling targeted. HELP

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