High Court Ruling Won't Upend SOX Oversight Board

Law360, New York (June 28, 2010, 6:20 PM EDT) -- While the U.S. Supreme Court on Monday eased restrictions on removing members of an auditing oversight board created by the Sarbanes-Oxley Act of 2002, the ruling isn't likely to have a sweeping impact on the watchdog's ability to enforce SOX, securities attorneys say.

The high court's 5-4 decision rejected a constitutional bid to do away with the Public Company Accounting Oversight Board, sparing an entity created to oversee auditors in the wake of the Enron Corp. scandal.

“The industry has been very interested in this case...
To view the full article, register now.