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SEC approves PCAOB budget; Doty promises new proposals soon

Tammy Whitehouse | March 14, 2016

With majority support from the Securities and Exchange Commissionall two of them, that isthe Public Company Accounting Oversight Board has finalized its 2016 budget with a 12-percent increase in fees charged to public companies to support it.

White-maryjo-0814Only SEC Chair Mary Jo White and Commissioner Kara Stein supported the PCAOB’s $257.7 million budget for the current year, which charges an “accounting support fee” of $220.9 million to public companies and an additional $32.4 million to broker-dealers. Commissioner Michael Piwowar said he...

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