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.
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements
Charles Tilley's departure from CIMA leaves the accounting world quieter, but his institute with an exciting foundation