Supreme Court considers fate of accounting oversight board

12/8/2009 |

The Supreme Court heard arguments Monday in a case that will determine whether Congress violated separation-of-powers principles when it created the Public Company Accounting Oversight Board in 2002. The board, which is overseen by the Securities and Exchange Commission, was created as part of the Sarbanes-Oxley Act. The law is being challenged by an accounting firm, which claims the board is too insulated from the president.

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