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Auditors of Broker-Dealers

Registration Application Fees and Annual Fees 

The Sarbanes-Oxley Act of 2002 directs the Board to assess and collect a registration fee and an annual fee from each registered public accounting firm, in amounts that are sufficient to recover the costs of processing and reviewing applications and annual reports. PCAOB Rules 2103 and 2202 require the payment of those fees and provide that the Board will from time to time announce the amount of the fees. Information about the fees currently in effect is provided below.

Application Fees

The application fee is due at the time of submission of the application. The application will not be deemed "submitted," and review of the application will not begin, until the applicant has paid the application fee.

For reasons described in the Board’s release announcing the original registration application fee schedule in 2003, the fee schedule is tiered according to the number of issuer clients for which the applicant performed audits in the preceding fiscal year, as represented in the firm’s application. The application fee for firms that performed no issuer audits in the preceding year was increased effective April 14, 2010. The current application fee schedule is:

Preceding Year
Issuer Audit Clients
Application Fee
0-49 $500
50-100 $3,000
101-1000 $29,000
1001 and up $390,000

Annual Fees

The annual fee is due by July 31 of each year and must be paid by each firm that is registered as of March 31 of that year, subject to certain exceptions for firms that file a Form 1-WD seeking leave to withdraw from registration. Firms that register after March 31 of a particular year do not begin to pay the annual fee until the following year. The Board intends to transmit invoices for the annual fee by early May of each year, but the fee is due regardless of whether the firm receives the invoice and regardless of whether the firm has filed the required annual report on Form 2. The current annual fee schedule is:

Firms with more than 500 issuer audit clients and more than 10,000 personnel $100,000
Other firms with more than 200 issuer audit clients and more than 1,000 personnel $25,000
All other firms $500