Tag Archives: Public Company Accounting Oversight Board

TX Board Routs Out Unlicensed

State Board Report December 2011 As of the beginning of December, the Texas State Board of Public Accountancy had issued 16 cease and desist orders against foreign audit firms performing unlicensed audits for Texas-based, SEC-registered companies. In addition, it has issued seven cease and desist orders to domestic U.S. firms that were providing unlicensed audits.…

NASBA Responds to Supreme Court Ruling in Free Enterprise v. PCAOB

NASHVILLE, TN (June 29, 2010) — The U.S. Supreme Court yesterday issued its decision in the case of Free Enterprise Fund v. the Public Company Accounting Oversight Board (PCAOB). The Supreme Court narrowly ruled 5 to 4 that the tenure of PCAOB members is unconstitutional, but held that “Board’s existence does not violate the separation…