Read “Case 15.3 Free Enterprise Fund v. Public Company Accounting Oversight Board” in Ch. 15 of the text.
Write a paper of 850- 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?
- Do you think the Sarbanes-Oxley Act is effective?
- How did the 2008 Financial Crisis happen in the aftermath of the Sarbanes-Oxley Act?
Cite at least 3 peer-reviewed sources.
Format your paper consistent with APA guidelines.
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