Federal Accounting Board Itself Unaccountable
Washington, D.C., April 15, 2008—Today, as Americans scurried to get their tax forms into the IRS, the D.C. Circuit Court of Appeals heard arguments about another agency that can impose big fines and reams of paperwork on small businesses. The very structure of this agency makes the IRS look like a model of accountability, the Competitive Enterprise Institute and others argued in court.
The Sarbanes-Oxley Act of 2002 created the Public Company Accounting Oversight Board, giving…
