Commissioner Hester M. Peirce: 'A smaller budget might assist the The Public Company Accounting Oversight Board (PCAOB) in being more selective, hewing more closely to its narrow mandate, and better stewarding its resources.'
Source: https://www.sec.gov/news/statement/peirce-pcaob-budget-20221223
The Public Company Accounting Oversight Board (“PCAOB”) is requesting $349.5 million for its 2023 budget and a $329.4 million accounting support fee to fund it.[1] Sarbanes-Oxley gave the Securities and Exchange Commission (“SEC”) responsibility for approving the PCAOB’s