Congress has passed the Sarbanes-Oxley legislation which included establishment of the Public Company Accounting Oversight Board ( PCAOB ) , tougher independence standards for auditors of public companies , and independent funding sources for the PCAOB and the FASB ; the SEC has taken a number of regulatory and enforcement actions and made initial appointments to the PCAOB ; various U.S.
Congress has passed the stupidest of all legislations