The Sarbanes-Oxley Act of 2002 established the PCAOB as a nonprofit corporation.

Annual Reports

The Sarbanes-Oxley Act requires the PCAOB to submit an annual report, including audited financial statements, to the Securities and Exchange Commission (SEC), for transmission to the Senate Committee on Banking, Housing and Urban Affairs and the House Committee on Financial Services.

Strategic Plans

The PCAOB Strategic Plan aligns Board programs, operations, and activities with its overall mission, goals, and objectives. In addition to serving as a roadmap for the organization, the strategic plan is used in developing the PCAOB budget each year.


The SEC is responsible for approving the PCAOB annual budget and accounting support fee.

Accounting Support Fee

Under the provisions of the Sarbanes-Oxley Act and the Dodd-Frank Act, the PCAOB is primarily funded by an accounting support fee collected from public companies and other issuers, as well as brokers and dealers registered with the Securities and Exchange Commission.