“The Supreme Court yesterday agreed to consider a challenge to the Sarbanes-Oxley Act of 2002, the centerpiece of the government’s response to the watershed accounting scandals at Enron and Worldcom. The case tests the constitutionality of a nonprofit oversight board created to regulate auditors of public companies. Plaintiffs in the case, including a Nevada accounting firm, allege that the oversight board was endowed with unchecked government powers.” (Washington Post, Tuesday)
One of many things wrong with that monstrosity.
FEE Timely Classic
“Punishing the Innocent: The Sarbanes-Oxley Act” by Barbara Hunter
