September 29, 2003 Eyes on Enforcement Section 105 of the Sarbanes-Oxley Act of 2002 grants the PCAOB broad investigative and disciplinary authority over registered public accounting firms and persons associated with such firms. To implement this authority, Section 105(a) directs the Board to establish, by rule, fair procedures for the investigation and discipline of registered public accounting firms and associated persons of such firms. As directed by the Act, the Board adopted rules relating to investigations and adjudications on Sept. 29, 2003. The Securities and Exchange Commission approved the rules on May 14, 2004. See Full Document
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