US Audit Regulator Pitches Slower-Growth $400 Million Budget

The US audit board approved a $399.7 million spending plan that would maintain its current staffing into 2025 while continuing to upgrade technology tools available to its staff.

The Public Company Accounting Oversight Board’s budget represents a nearly 4% increase over the regulator’s current $385 million in funding, which paid for adding 20 jobs to the board’s inspections division over the past year. The expected spending increase represents a sharp drop from double-digit rate increases the previous two budget cycles.

• Board members on Thursday voted 4-1 to adopt the PCAOB’s 2025 budget and send it to the Securities and Exchange ...