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SEC approves the PCAOB’s 2015 budget and accounting support fee

  • SEC (US Securities and Exchange Commission) Image
  • PCAOB (US Public Company Accounting Oversight Board) Image

Feb 04, 2015

At its February 4, 2015, public meeting, the SEC reviewed and approved the PCAOB’s 2015 annual budget and accounting support fee, a task that the Commission is required to perform annually under the Sarbanes-Oxley Act.

The PCAOB, which ap­proved its 2015 budget on No­vem­ber 25, 2014, re­quested funding of ap­prox­i­mately $250.9 million, a three percent decrease from its 2014 budget of $258.4 million. The budget will be used to support the pro­grams and op­er­a­tions in the Board’s 2014−2018 strate­gic plan.

For more in­for­ma­tion, see the press release and the fol­low­ing speeches on the SEC’s Web site:

  • Chair Mary Jo White — Statement at Open Meeting on the PCAOB Proposed Budget and Accounting Support Fee for 2015.
  • Com­mis­sioner Luis A. Aguilar — Statement at Open Meeting on the PCAOB Proposed Budget and Accounting Support Fee for 2015.
  • Com­mis­sioner Kara M. Stein — Statement on the Commission’s Consideration of the Public Company Accounting Oversight Board’s Proposed 2015 Budget and Accounting Support Fee.
  • Com­mis­sioner Daniel M. Gal­lagher — Statement at an Open Meeting of the Commission to Consider the Public Company Accounting Oversight Board’s 2015 Budget and Accounting Support Fee.

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