The Securities and Exchange Commission (SEC) has approved the Public Company Accounting Oversight Board (PCAOB) budget for 2026, along with the corresponding accounting support fee. This budget is designed to enhance the PCAOB’s capacity to oversee audit quality and ensure compliance with auditing standards. The support fee, which funds the PCAOB’s operations, is derived from public companies and aims to secure sufficient resources for the board to fulfill its mission effectively. By approving the budget, the SEC underscores its commitment to maintaining high standards of financial reporting and protecting investors. The PCAOB’s initiatives, supported by this budget, focus on improving audit practices and fostering transparency in the financial markets. This approval highlights the ongoing collaboration between the SEC and PCAOB to uphold the integrity of the U.S. financial system.
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