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SEC Supports PCAOB in Lawsuit Defense

SEC Supports PCAOB in Lawsuit Defense

by Rick Turoczy on September 5, 2006

The Securities and Exchange Commission late Friday announced that it has joined a U.S. Department of Justice legal brief in support of the Public Company Accounting’ Oversight Board defense against a lawsuit challenging the PCAOB’s constitutionality.

Filed in February, the lawsuit led by the Free Enterprise Fund, a conservative nonprofit group, challenges the constitutionality of the PCAOB, the accounting industry overseer created by the Sarbanes-Oxley Act of 2002.

SEC Supports PCAOB in Lawsuit Defense

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