Press Release

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    William Roberts

    AICPA President and CEO Barry Melancon On Supreme Court Decision On PCAOB: "A Victory For Investors, Accounting Profession" 

    Published June 28, 2010


    NEW YORK (June 28, 2010) - The following is a statement by Barry Melancon, AICPA president and CEO, on the Supreme Court’s ruling on the constitutionality of the PCAOB:

    “The court’s ruling is a victory for investors and for the accounting profession. The decision effectively fixes the constitutionality of the PCAOB by making board members subject to `at will’ removal by the SEC and therefore the president. It sustains the continued function of both the PCAOB and Sarbanes-Oxley. As such, the court rejected a transparent attempt to undermine the post-Enron reforms that have served our financial markets well.”



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