Search Results for keywords:"budget approval"

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Search Results: keywords:"budget approval"

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  • 2024-30600 — Order Approving Public Company Accounting Oversight Board Budget and Annual Accounting Support Fee for Calendar Year 2025
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    Type:Notice
    Citation:89 FR 104594
    Reading Time:about 4 minutes

    The Securities and Exchange Commission (SEC) has approved the Public Company Accounting Oversight Board (PCAOB) budget and annual accounting support fee for 2025, in accordance with the Sarbanes-Oxley Act. The SEC reviewed the PCAOB's proposed budget, ensuring it aligns with recoverable expenses, and emphasized the importance of operational efficiency. The PCAOB is directed to maintain regular communications with the SEC regarding any budget adjustments and to submit a reduced spending plan due to sequestration cuts. The Budget Control Act of 2011 requires sequestration of $22.8 million for 2025, slightly reducing available funds for the PCAOB.

    Simple Explanation

    The government said "yes" to a big group's (PCAOB) plan for money they need in 2025 to keep an eye on other companies’ money matters. They also asked the group to spend a little less because some extra savings need to be made.

  • 2024-29635 — Sunshine Act Meetings
    Type:Notice
    Citation:89 FR 101673
    Reading Time:less than a minute

    The Securities and Exchange Commission (SEC) has announced an Open Meeting scheduled for December 18, 2024, at 10:00 a.m. Eastern Time. The meeting will be accessible to the public via a webcast on the SEC's website. During this meeting, the Commission will discuss whether to approve the 2025 Final Budget and Accounting Support Fee for the Public Company Accounting Oversight Board. For more information, Vanessa A. Countryman from the Office of the Secretary can be contacted.

    Simple Explanation

    The SEC is having a meeting, which anyone can watch online, to decide if they should agree to next year's spending plan for a group that checks how companies do their accounting.