Forum (Forum & Focus)
May 27, 2009
High Court Might Have to Rein In Unique Oversight Board
The legality of the Public Company Accounting Oversight Board, a hybrid between a nonprofit and a government agency, is being challenged, writes Keith Paul Bishop.
FORUM COLUMN
By Keith Paul Bishop The Public Company Accounting Oversight Board is a legislatively created platypus. In many respects, it looks and acts like a governmental agency. It registers public accounting firms, establishes standards, conducts inspections, adopts rules and imposes sanctions. Yet it is a private nonprofit corporation. In other respects, it resembles a corporation. It is governed by a board and has adopted bylaws. Yet its boa...For only $95 a month (the price of 2 article purchases)
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