Free Enterprise Fund Vs. Public Company Accounting Oversight Board

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In the case of “Free Enterprise Fund v. Public Company Accounting Oversight Board” They were trying to determine what powers can reside over Public Company Accounting Oversight Board or also known as the PCAOB. They was disputing the fact that the President as no control over the board member since they are not appointed government officials and are not limited by government limitations. They are in fact in control over by the SEC, which stands for the securities and exchange commissions. In this court case in which the Petitioner accounting firm which was a non profit organization wanted to sue the PCAOB because they believe that the President had not control over the members of the board and threaten the separation of power law. The Sarbanes-Oxley Act, also known as SOX was to put in place to protect investors from fraud in accounting activities in corporations. The courts ruled that the separation of powers was not broken because The President of the United States can remove member of the SEC, which the SEC controls the PCAOB. The decision of the case of “Free Enterprise Fund v. Public Company Accounting Oversight Board” was that the breaking of the separation of power was not broken. This allowed The decision to be in the favor of the board and it’s members. They found that board can and will be removed if there acts are unconditional. Since the president has control over the SEC and is allowed to remove whom ever with good reasoning. The role of the SEC is

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