It's not a company's board of directors - it's the Public Company Accounting Oversight Board, a regulatory body established by Sarbanes-Oxley "to oversee the au

It's not a company's board of directors - it's the Public Company Accounting Oversight Board, a regulatory body established by Sarbanes-Oxley "to oversee the auditors of public companies in order to protect the interests of investors..." In short, it's a pretty inconsequential ruling relative to the meat of the law.