BusinessCompany NewsUS companies get first oversight invoices

US companies get first oversight invoices

The Public Company Accounting Oversight Board will soon be sending out invoices to more than 8,500 US organisations for fees payable to support its $68m (£42m) oversight operation.

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.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor