PCAOB to Consider 2018 Budget and Related Strategic Plan at Open Meeting Nov. 16
The Public Company Accounting Oversight Board will hold an open meeting on Thursday, November 16, at 10 a.m., to consider adoption of the PCAOB budget for the 2018 fiscal year and the 2017-2021 strategic plan.
Section 109(b) of the Sarbanes-Oxley Act of 2002 requires the PCAOB to establish a budget for each fiscal year no later than one month prior to the commencement of that fiscal year. The PCAOB fiscal year is the calendar year.
Additionally, the Securities and Exchange Commission rule on the PCAOB budget requires the PCAOB to maintain a strategic plan. The strategic plan guides Board use of resources funded by the budget.
The budget is the foundation for the 2018 accounting support fee assessments. If approved by the Board, the budget will be submitted to the SEC for approval.
The meeting is open to the public and will take place in the PCAOB meeting room at 1666 K Street NW, Washington, DC. It will be streamed live on the PCAOB website and a recording will be available afterward.