Judge To Hear Motion To Dismiss Audit Watchdog Suit

Law360, New York (June 7, 2006, 12:00 AM EDT) -- A federal judge is set to hear arguments at the end of June on whether to toss a suit launched by a conservative think tank that wants the audit oversight agency created by the Sarbanes-Oxley laws to be deemed unconstitutional.

The Public Company Accounting Oversight Board (PCAOB) was established in 2002 in order to watch over the once self-regulated audit industry, which is led by the Big Four accounting firms. The same laws that formed the PCAOB also make U.S.-traded companies disclose more information on their...
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