Supreme Court takes a bite out of SOX

Since the Sarbanes-Oxley Act (SOX) was passed in 2002, one element of the law that hasn’t sat well with many businesses is the Public Company Accounting Oversight Board (PCAOB). In fact, its red-tape-strewn rules prompted the case of Free Enterprise Fund v. Public Company Accounting Oversight Board, heard earlier this year by the U.S. Supreme Court. In a landmark decision, the Court ruled that several PCAOB provisions were, in fact, unconstitutional. If your company adheres to SOX in any way, check with your attorney to see whether your procedures could be affected.

If you have any questions, please contact Feeley & Driscoll's Boston Accounting team, Email us or call 1 (888) 875-9770.

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