SEC Approves PCAOB 2020 Budget

The SEC approved the 2020 budget of the Public Company Accounting Oversight Board and, in addition, approved the related annual accounting support fee. At $284.7 million, the PCAOB’s 2020 budget represents an increase of approximately 4.0% from its 2019 budget. The 2020 budget is funded, in large part, by the new accounting support fee of $270.2 million.