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SEC approves the PCAOB’s 2017 budget and accounting support fee

  • SEC (US Securities and Exchange Commission) Image

Dec 14, 2016

At today’s public meeting, the SEC reviewed and approved the PCAOB’s 2017 annual budget and accounting support fee, a task that the Commission is required to perform annually in accordance with the Sarbanes-Oxley Act.

The PCAOB, which approved its 2017 budget on November 17, 2016, requested funding of approximately $268.5 million, a 4 percent increase from its 2016 budget of $257.7 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 on the SEC’s Web site.

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