The Securities and Exchange Commission voted to approve the 2017 budget of the Public Company Accounting Oversight Board (PCAOB) and the related annual accounting support fee.
The budget totals $268.5 million and will be funded by the collection of an accounting support fee. The board is a nonprofit corporation established by Congress to protect investors and the public interest by promoting informative, accurate, and independent audit reports and to oversee the audits of public companies and broker-dealers.
via SEC board increases enforcement budget — NJToday
