If auditing of financial statements is required for the protection of public investors, should not all PCAOB members be taken from the investment community that uses audited financial statements? Why or why not?

Explain the origins of the U.S. judicial system and how the judicial system impacts and affects businesses.
February 13, 2021
Why do we say that information management compliance come from the top?
February 13, 2021

Sarbanes-Oxley Act

Read “Case 15.3 Free Enterprise Fund v. Public Company Accounting Oversight Board” in Ch. 15 of the text.

Write a paper of 700- to 1,050-words in which you answer the following:

  • If auditing of financial statements is required for the protection of public investors, should not all PCAOB members be taken from the investment community that uses audited financial statements? Why or why not?
  • How does the decision in this case impact the validity of the Board and other provisions of the Sarbanes-Oxley Act?

Cite at least 3 peer-reviewed sources.

Format your paper consistent with APA guidelines.

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