The SEC voted Wednesday, Dec. 18, to approve the Public Company Accounting Oversight Board’s (PCAOB’s) 2025 budget and the related annual accounting support fee.
The 2025 PCAOB budget totals $399.7 million, and the accounting support fee totals $374.9 million, of which $346.1 million will be assessed on public company issuers and $28.8 million will be assessed on registered broker-dealers.
“The PCAOB ... writes the standards for auditors and audits the auditors,” SEC Chair Gary Gensler said in a statement. “That’s the core of what it does, and it’s every bit as important now and into the future.” Read more.