“[T]he Supreme Court unanimously rejected a challenge to the constitutionality of the Sarbanes-Oxley Act of 2002, which established the [Public Accounting Oversight] board and sought to reform corporate America after the Enron and WorldCom accounting scandals.” (New York Times, Tuesday)
A blunt instrument accompanied by myriad unintended consequences.
FEE Timely Classic
“Punishing the Innocent: The Sarbanes-Oxley Act” by Barbara R. Hunter