The Trump administration continues to defend the US audit board in a constitutional court challenge despite efforts earlier this year by House Republicans to eliminate the regulator.
The Department of Justice filed a motion asking a federal judge to rule in favor of the government and the Public Company Accounting Oversight Board regarding a legal challenge testing the Enron-era audit regulator’s enforcement authority and funding. US attorneys intervened in the legal battle soon after the cases were first filed during the Biden administration to defend the Sarbanes-Oxley Act that created the audit board in 2002.
The Justice Department and ...
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