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PCAOB Cuts 2026 Budget by 9%, Slashes Salaries and Staff

12/20/2025

50 5 Full Breakdown

Summary

Story summary

The Public Company Accounting Oversight Board approved a 2026 budget of $362.1 million, a 9% decrease from 2025.
The budget cuts board member salaries, about 52% for the chair and 42% for other members.
The PCAOB plans to reduce staff by 47, to 817 employees.
Acting Chief Operating Officer Randy Thornton says the budget reflects ongoing cost-cutting.
The budget will be submitted to the Securities and Exchange Commission for approval.

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Story summary

The Public Company Accounting Oversight Board approved a 2026 budget of $362.1 million, a 9% decrease from 2025.
The budget cuts board member salaries, about 52% for the chair and 42% for other members.
The PCAOB plans to reduce staff by 47, to 817 employees.
Acting Chief Operating Officer Randy Thornton says the budget reflects ongoing cost-cutting.
The budget will be submitted to the Securities and Exchange Commission for approval.