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SEC approves the FASB’s 2018 accounting support fee

  • SEC (US Securities and Exchange Commission) Image

Apr 06, 2018

The SEC has published a release announcing its approval of the FASB’s 2018 accounting support fee, a task that the Commission is required to perform annually under the Sarbanes-Oxley Act.

As a condition of the approval, the SEC requested that the FAF and FASB “continue to provide the Commission with quarterly updates of their activities, including but not limited to their efforts to include a wide-range of views from investors, preparers, auditors, academics, and other constituent groups, and their efforts to improve the selection process for FASB and FAF members.”

For more information, see the release on the SEC’s Web site.

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