The SEC approves PCAOB's 2025 budget, boosting funding for audit quality and investor protection.

The SEC has approved the PCAOB's 2025 budget of $399.7 million, a 3.8% increase from 2024, supporting 945 positions. The related accounting support fee totals $374.9 million. Commissioners praised the budget for improving audit quality and investor protection, while Commissioner Peirce expressed concerns about the budget increase and its impact on audit quality, suggesting a more balanced oversight approach. The PCAOB plays a key role in ensuring the integrity of financial reports and audit standards for public companies.

3 months ago
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