US Audit Board Pads Inspections Funding in $385 Million Budget

The US accounting oversight board plans to hire more inspectors next year to vet the work of auditors around the world as the agency tries to combat a rise in the rate of audits that fall short of core standards, under its 2024 budget approved Thursday.

The $384.7 million spending plan the Public Company Accounting Oversight Board backed unanimously would mark a 10% increase over current funding levels, the regulator said Thursday.

The spending plan calls for adding 20 jobs, half of them targeted for the agency’s inspections division….

Source: US Audit Board Pads Inspections Funding in $385 Million Budget