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Read "Case 15.3 Free Enterprise Fund v. Public Company Accounting Oversight Board" in Ch. 15 of the text.

Write a paper of 700- to 1,050-words in which you answer the following: 

• Assuming that auditing of financial statements is required for the protection of public investors, should all members of the PCAOB be persons with experience in the investment community that uses audited financial statements? Why or why not?
• Explain the decision in this case.  How does it impact the validity of the Board and other provisions of the Sarbanes-Oxley Act? 

Cite at least 3 peer-reviewed sources.

Format your paper consistent with APA guidelines.

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