The Supreme Court agreed on Monday to rule on the constitutionality of the Sarbanes-Oxley Act passed in 2002 to create a new government agency to regulate firms that audit the books of publicly traded companies. The key question in the case is whether the Act violated the separation-of-powers doctrine by the mode of selection and removal of members of the Public Company Accounting Oversight Board. The case is Free Enterprise Fund v. PCAOB (08-861). The case questions the limits on the authority of the president to remove officials in the executive branch. Under it current structure, members of the PCAOB can only be removed for cause by the SEC.
A copy of the Wall Street Journal Article on the grant of cert can be seen here
