US companies get first oversight invoices

Link: PCAOB makes name for itself

About 5,200 listed companies and 3,300 investment companies will be invoiced with two-thirds paying $1,000 or less, while the majority of the costs will be carried by the biggest companies.

Publicly traded companies with market capitalisation of $25m or more and investment companies with a market cap or average monthly net asset value of $250m or more will fund the PCAOB, under rules introduced by the Sarbanes-Oxley Act of 2002.

Fees must be paid by organisations within 30 days of being notified.

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