PCAOB Issues FAQ on Broker-Dealer Fees

The staff of the Public Company Accounting Oversight Board has put a set of frequently asked questions relating to issues connected to the implementation of the board’s funding rules as they related to brokers and dealers.

In particular, the staff FAQ discusses the broker-dealer accounting support fee, and which broker-dealers are required to contribute (primarily, those whose average, quarterly tentative net capital is greater than $5 million).

The statements in the FAQ are not official board rules, and have not been officially been approved by the board.

Those with questions related to the broker-dealer accounting support fee or the funding process that are not addressed in the FAQs can contact the PCAOB staff by phone at (866) 606-3982 or by e-mail at BillingFAQ@pcaobus.org.