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SEC approves the PCAOB’s 2016 budget and accounting support fee

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

Mar 14, 2016

At its March 14, 2016, public meeting, the SEC reviewed and approved the PCAOB’s 2016 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 2016 budget on No­vem­ber 24, 2015, re­quested funding of ap­prox­i­mately $257.7 million, a 2.7 percent increase from its 2015 budget of $250.9 million. The budget will be used to support the pro­grams and op­er­a­tions in the Board’s 2015−2019 strate­gic plan.

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

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