Challengers To PCAOB Seek High Court Review

Law360, New York (January 6, 2009, 12:00 AM EST) -- The libertarian lobbyist group and Nevada accounting firm that have relentlessly challenged the constitutionality of the Public Company Accounting Oversight Board have asked the U.S. Supreme Court to hear their case, although they have lost every battle in the historic challenge to date.

In a petition for a writ of certiorari filed Monday in the U.S. Supreme Court, Free Enterprise Fund and Beckstead & Watts LLP argue that the closely divided decision of an appellate court upholding the national audit oversight board authorizes congressional restrictions on...
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