PCAOB Board Approves 8.8% Budget Increase-Goes to SEC for Approval

Posted by accountingweb on Nov 26 2008 703 printer friendly

By Edith Orenstein, FEI Financial Reporting Blog - On Tuesday, the PCAOB board voted unanimously to approve its 2009 budget, and directed its staff to submit the budget to the SEC in accordance with Section 109 of the Sarbanes-Oxley Act. The budget of $157.6 million represents an 8.8% increase ($12 million) over last year’s approved budget. See the PCAOB’s press release, which includes links to board members' statements.For highlights from the board meeting, read here.

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FEI Financial Reporting Blog provides highlights from SEC, PCAOB, FASB, IASB, and other regulatory news, including reporting under Sarbanes-Oxley Sect 404. It is written by Edith Orenstein, Director of Technical Policy Analysis at FEI

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