SCOTUS Rules PCAOB Unconstitutional; Auditors’ Lives Will Continue to Suck
What does this mean (besides the fact that more than a few partners are eating their hats, shaving their heads, coming to work naked, etc.)?
The Board itself is not unconstitutional and thus will continue operating (sorry E&Y) so it’s not going anywhere. The problem is, Congress will have to get involved in order to and who knows what the brain trust will cook up.