The US audit board will roll back its spending next year to $362.1 million, in the latest setback for a regulatory body that survived an elimination bid in Congress and remains in limbo amid its latest leadership overhaul.
The Public Company Accounting Oversight Board on Friday unanimously approved a spending plan for 2026 that would cut funding by 9% and slash the pay of its members by roughly half. Fees that US brokerages and listed companies pay to support the Enron-era regulator’s operations would decrease 18%, according to the PCAOB.
The Securities and Exchange Commission, which oversees the board, must ...
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