Washington (March 2, 2004) -- The Public Company Accounting Oversight Board expects to nearly double its staff, which now stands at slightly more than 150 people, in the coming year, the board's chairman said this week.

Most of the PCAOB’s $103 million budget this year will be spent on staff, chairman William McDonough told members of the banking industry in remarks made Monday to the Institute of International Bankers in Washington.

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