SEC Approves 2024 PCAOB Budget and Accounting Support Fee
Washington, D.C.--(Newsfile Corp. - December 13, 2023) - The Securities and Exchange Commission today approved the 2024 budget of the Public Company Accounting Oversight Board (PCAOB) and the related annual accounting support fee.
- Washington, D.C.--(Newsfile Corp. - December 13, 2023) - The Securities and Exchange Commission today approved the 2024 budget of the Public Company Accounting Oversight Board (PCAOB) and the related annual accounting support fee.
- The 2024 PCAOB budget totals $384.7 million, and the accounting support fee totals $358.8 million, of which $331.0 million will be assessed on public company issuers and $27.8 million will be assessed on registered broker-dealers.
- I support this $385 million budget — supporting a modest two percent increase in headcount — because of the important role the PCAOB plays in protecting investors and facilitating capital formation.”
The Sarbanes-Oxley Act of 2002, which established the PCAOB, provides the Commission with oversight responsibility over the PCAOB. - This includes reviewing and approving the PCAOB’s budget and accounting support fee annually.