SEC-PR-2412-204

The 2025 PCAOB budget totals $399.7 million. The accounting support fee totals $374.9 million, of which $346.1 million will be assessed on public company issuers and $28.8 million will be assessed on registered broker-dealers.

“Well-functioning financial markets are built on trust,” said SEC Chair Gary Gensler. “Critical to such trust are disclosures – including financial statement disclosures made by issuers and broker-dealers to the investing public. I have seen since the passage of Sarbanes-Oxley 22 years ago the importance of that law in promoting trust in public company figures. This trust, though, can easily be taken for granted. The PCAOB – an important reform of the George W. Bush Administration – writes the standards for auditors and audits the auditors. That’s the core of what it does, and it’s every bit as important now and into the future.”