Supreme Court to Rule on PCAOB's Fate

The justices will hear oral arguments this fall over whether the audit firms' regulator —and the Sarbanes-Oxley Act — is constitutional.

The U.S. Supreme Court has agreed to review a case that questions the constitionality of the creation of the Public Company Accounting Oversight Board under the Sarbanes-Oxley Act. The justices will consider whether the existence of the PCAOB violates the Constitution's separation-of-powers principle.