The Public Company Accounting Oversight Board (PCAOB), under attack over its
legitimacy from an anti-Sarbanes-Oxley lobbying group, has filed a motion to
dismiss the constitutional challenge to its legality.
The Free Enterprise Fund, a coalition of Conservative pro-businesses, has
called the formation of the PCAOB unconstitutional and is seeking to have it
But in a filing in a US District Court in Washington, the PCAOB said that the
Free Enterprise Fund lacked legal standing because it didn’t allege sufficient
The PCAOB motion also alleges that the group failed to follow provisions of
the Sarbanes-Oxley Act requiring board decisions to be appealed to the courts
only after the Securities and Exchange Commission rejected the appeal.
The Free Enterprise Fund claims Sarbanes-Oxley, brought in after the debacle
of Enron, to improve corporate governance and enforced by the PCAOB, is unduly
harsh on business and is hurting America’s competitiveness.
Engineering and technology executives have voiced concerns over the government’s industrial strategy and the need to fill the R&D funding and long-term investment gap in a post-Brexit Britain
This year’s Finance Act is 649 pages, the second longest recorded, and highlights the increasing complexity for taxpayers of an ever expanding tax code
The International Integrated Reporting Council (IIRC) and the CIPFA have launched an introductory guide for leaders on integrated thinking and reporting
Accountancy Age is delighted to reveal the shortlists for the 2016 British Accountancy Awards