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PCAOB – Board Approves 2008 Budget

PCAOB – Board Approves 2008 Budget

by Toby Lucich on November 19, 2007

The Public Company Accounting Oversight Board today approved a budget for calendar year 2008. The budget is based on the Board’s Strategic Plan for 2007-2012, which was created to guide the organization’s programs and operations in the coming years.

The budget, as approved, contemplates approximately $144.6 million in outlays for 2008, compared to $136.4 million for 2007.

“I believe this budget will allow the Board to fulfill its statutory mandate under the Sarbanes-Oxley Act of 2002 to oversee the auditors of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports,” said Mark W. Olson, PCAOB Chairman.

The PCAOB’s Strategic Plan is available online at

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