The Securities and Exchange Commission has ousted Kathleen Hamm from the Public Company Accounting Oversight Board in a decision more convoluted than it appears at quick glance.
The PCAOB was established under the Sarbanes-Oxley Act of 2002 and is overseen by the SEC. Although the SEC framed Hamm’s departure in the light of her “completing her term,” that isn’t exactly the whole story.
